Cambodian logistics providers predicted to face bankruptcy amid COVID-19

The on-going COVID-19 pandemic is seriously damaging Cambodian logistic providers, with about 10-15 percent heading for bankruptcy in the upcoming months, according to the Cambodia Freight Forwarders Association (CFFA).

The Khmer Times quoted CFFA President Sin Chanthy as saying that many providers are struggling to survive, some had already gone bankrupt, and others will file for bankruptcy within the next two or three months.

The logistics providers have been adversely affected the COVID-19 pandemic, and it hasn’t seen any sign as to when the situation will recover, he said.

In full: https://en.vietnamplus.vn/cambodian-logistics-providers-predicted-to-face-bankruptcy-amid-covid19/177708.vnp

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