One of the world’s largest logistics firms, DSV Panalpina, was out with its 2019 annual report today and the CEO was sending a warning signal to the market that’s probably just drowning in the regular news flow.
It is difficult to predict the market situation in 2020; currently the corona virus situation is impacting global supply chains and creating uncertainty. However, at this stage it is not possible to predict the financial impact,” says Jens Bjørn Andersen, CEO
Source: DSV – 2019 Annual Report
The impact from the coronavirus is real and the economic costs are accelerating and even worse the companies best positioned in the global supply chain cannot even indicate the cost short-term. On Monday we will go through the global logistics industry and the dynamics playing out in the global supply chain. Going into the weekend we maintain our long equity view respecting the price momentum, but we maintain a flexible mindset and will flip to short if the news and price action on balance changes enough to the downside.