Logistics firms brace for slump in turnover from China freeze

The Greek logistics sector could see turnover nosedive by up to 30 percent as a result of paralysis in China following the coronavirus outbreak, market experts tell Kathimerini.

The impact of the virus is so far limited to companies that ship, store and manage commodities, as it is estimated that it takes around 40 days for an order to arrive from China to Greece's port of Piraeus and several orders were already on their way to Greece when Chinese factories and logistics companies suspended operations.

Moreover, the fact that many dockworkers are refusing to board ships coming from Asia has been enough to upset both the operation of the country's biggest port and logistics firms.

Greece imports about 930 products from China - including apparel, machinery, tools, spare parts, paper products, toys, pipes, textile and food - meaning that the activity of firms...