Forging Ahead: The Evolution of Transportation in the COVID-19 Age
Western Alliance
The transportation industry has been significantly affected by the pandemic economy. Now it is seeing a revival, from an equipment finance perspective, despite perceptions within the lending community that COVID-19 has had a negative impact.
The world has changed dramatically in just a year. From the way people work and go to school to the way they shop, travel and spend leisure time, COVID-19 has reshaped how many industries do business and challenged many to redefine their day-to-day operations.
In the business world, transportation - whether by road, rail, marine or air - and supply chain management have been among the most significantly affected sectors of the economy as businesses have had to reinvent, reshape and reimagine how to overcome many challenges, while seizing new opportunities in the space.