Section 1: Price Direction:
Logistic Challenges During COVID-19 and Its Impact on Palm Oil Trade
Ms. Yasothai Munairu
About 24 years of experience in Logistics and Customer Service in Shipping & Forwarding, Manufacturing, Relocation and Recruitment, with working experience in Malaysia, Singapore and remote management in North East Asia Oceania Logistics Regions.
Currently, she is the Head of Logistics, Sime Darby Oils based in Malaysia.
This pandemic has caused a tremendous impact to the entire logistics sector, where Malaysia is not spared either, with restricted movement throughout the year
Sea Freight
Permits to resume the work
Port storage charges (containers stuck)
Voyage cancellations
Entire Asia – Europe / USA route cancellations
Trucking
Severe delays & backlogs (limited trucking, permits, quarantine for drivers)
Rate increases especially across provinces
Air Freight
Flights cancelled
Capacity drop of approx. 65% vs 2019
Limited staff on duty (40-50%)
Warehouse
Growth in storage demand as manufacturing companies are expected to have more stock due to reduction in demand
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