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Logistics and delivery companies see profits soar as coronavirus boosts e-commerce, demand for medical goods

Logistics and delivery companies have been boosted by a surge in demand for medical goods and online shopping amid the coronavirus crisis, with some recording triple digit surges in profit.But they will have to readapt in the post-pandemic era, as many of the businesses they rely on shrink or close down altogether in what promises to be a prolonged global recession.Hong Kong-based Kerry Logistics Network, owned by Malaysia’s richest man Robert Kuok, foresees a double-digit percentage gain in…

Read the original article at South China Morning Post

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