New Business Support Measures. Will the Authorities Help Logistics Survive?
"Government help those who help themselves". It is under this motto that many companies are now building their business in connection with the epidemiological situation and the global crisis. Let's ask the first person if there is any support
Now, in Russia businesses that have suffered from restrictions imposed due to the virus will get a six-month grace period for paying all taxes (except VAT), credit payments, and rental payments for the use of not only state-owned but also commercial property. Unfortunately, such measures will not help everyone.
"Our business will not receive any assistance from the state. Our organization does not have loans. The office is owned, so there is no need to pay rent. We can only hope that the volume of deliveries will not decrease to such an extent that we will have to optimize the cost of employees," comments Denis Bobrakov, Head of ACEX representative office in Novorossiysk.
Alexey Lipatov, Head of Multimodal Department, ACEX in Moscow, believes that the state can only support business with tax holidays or incentives. However, these measures are likely to be introduced for a very narrow list of companies.
Logistics is one of the areas most affected by coronavirus infection. The government is already considering a list of measures to extend a "helping hand" to freight forwarders.
What about Asian countries? After all, the coronavirus pandemic has been raging there since January.
In China there have never been any special business support programs, and this case is no exception.
"Unfortunately, we did not feel any support from the state. The only thing is that the monthly payment for social insurance has been reduced. Tax payments also decreased slightly. As for our company, the coronavirus has greatly affected logistics; many flights have been canceled. Now we are launching a Charter business from China to Moscow and from China to the CIS countries," says Jack Zhao, Overseas Manager of Sky Chain Worldwide, ACEX in Beijing.
Any crisis is a new opportunity.