To say automotive shipping has experienced a roller coaster ride of fluctuation in 2020 would be an understatement. In the early days of the COVID-19 outbreak, new auto sales were reeling after notching impressive gains year over year.
Then, the pandemic took hold of the market and turned it upside down, which leads to the question, how has the automotive industry faired since the early days of COVID-19?
Has the industry recovered? If so, how well?
How has cross-border shipping been impacted?
Has supply and demand shifted due to the outbreak? If so, how drastic has the shift been, and how are shippers coping?
To answer these questions, we partnered with FreightWaves to conduct an original research study to survey shippers on the fluctuations in automotive demand, shifting dynamics in cross-border shipping, expectations around shipping costs, and the role of technology in mitigating supply chain risks.
Download our whitepaper to receive insights on how shippers are faring during this unprecedented market and the strategies they are adopting to successfully navigate the rocky terrain.
If you’re looking for a logistics shipping partner to help you strategize and position your automotive supply chain operations this quarter, drop us a line. Our freight experts are ready to discuss your supply chain objectives and how Redwood can add value to your network to help you achieve those goals.