Coronavirus spread to weigh on domestic ports and logistics sectors

The spread of Covid-19 has made business tougher for domestic ports and logistics firms, which were already grappling with slow earnings growth.
 

At present, sectors like warehousing, trucking, and last-mile delivery, are facing several challenges. Labour shortage has turned out to be the biggest one, across segments.
 

A longer turnaround time in case of ports, demand shock impacting volumes, and supply chain disruption impacting last-mile delivery, are other challenges.
 

“Factoring in the demand shock and supply chain disruptions, we are cutting FY21E and FY22E volume growth for Adani Ports to -2 per cent and 11 per cent, and for Gujarat