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Retailers, logistics companies say the deal modernizes trade and creates a more competitive marketplace, but warns of compliance challenges in an uncertain economic climate.

Procurement and supply chain leaders say they will expand supply bases, shrink globalization strategies in the wake of Covid-19.

Companies should ready for a six-month disruption to global supply chains and prepare for changes in sourcing strategies moving forward as a result of the coronavirus pandemic, supply chain experts warn.

But association says suspension until June is not enough; urges leaders to extend the change through October to give airlines maximum flexibility in dealing with the effects of the coronavirus.

Logistics is well positioned to manage changes in real estate capital markets and is likely to benefit from long-term demand for inventory and an increase in ecommerce as a result of COVID-19 disruptions, study shows.