Abstract: There is less than a week left in 2023, but some companies are already unable to survive 2024. Previously, a news about "logistics companies announced closure due to inability to operate normally" spread on Internet platforms, causing widespread concern in the freight forwarding logistics industry.According to industry sources, another logistics company recently issued an internal announcement, saying that because of the economic downturn and the particularity of the industry, the company has been unable to operate normally, although trying various methods but still unable to reverse the decline, so it was decided to suspend business, employees will go home from January 1, 2024 to wait for notice, the specific resumption time is to be determined. In this announcement, the logistics company also mentioned that the current company's funds are tight, and some salaries will be in arrears, of which only 50% of the salary for November 2023 will be paid, and the remaining part will be delayed. It is worth mentioning that the closure announcement also hints that employees can settle their salaries if they leave the company.
For the employees of the above-mentioned logistics companies, whether to continue to stick to their posts and wait for the resumption of work or take the opportunity to find another way out has become a dilemma at present. Some netizens said that the company's move may be to save severance expenses, and "disguised layoffs", not only arrears of payable wages, but also make employees endure suffering while waiting for the resumption of work, which is really undeserved. Another netizen said that although the company is in a difficult situation, it can still be seen through the announcement of the closure of the company's "sincerity", which is much stronger than those companies that ran away with money.
In fact, the plight of these companies is not unique. Just last week, Yunchuang, an international freight forwarding company in Shenzhen that has been operating for 8 years, announced that it would be completely closed down due to its inability to support, which once attracted the attention of the outside world. In addition, another freight forwarding company issued an announcement on December 22, saying that the internal and external capital chains were broken, and the company was unable to support a large backlog of goods, so it had to announce the closure of business. Overall, this year's freight forwarding and logistics industry is frequent, and there are not a few companies that go bankrupt, go bankrupt, and run away. According to the analysis of industry insiders, the bankruptcy of freight forwarding companies one after another may cause a more serious chain reaction, affecting a group of freight forwarders.
We know that the threshold for freight forwarding companies is relatively low, and the freight forwarding business does not have too high technical content, resulting in an influx of practitioners and fierce competition in the industry. In the past two years, affected by the global economic downturn, the competition in the freight forwarding industry has become increasingly intensified, and many freight forwarding companies are facing difficulties such as reduced business volume, declining profits, and serious employee turnover. In this context, some failed freight forwarding companies will affect other companies in the same industry because they are unable to repay their debts, so that the crisis of the capital chain will be transmitted to the entire industry, and the crisis of trust in the industry will be further aggravated.
For example, the above-mentioned freight forwarding company mentioned in the announcement that it needs to rely on the later payment to pay employees' salaries. In other words, the freight forwarder's cash flow has dried up, and there are certain external receivables. For freight forwarding companies, the first involution, long account period is not conducive to the flow of funds, in the long run, freight forwarding companies are bound to be unsustainable, and eventually have no choice but to shut down.
For employees, the closure of the business means that their income will be affected, and the question of what to do in the future has become a new one.
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