The logistics industry was most heavily impacted with over 80% of businesses facing disruptions following Typhoon Yagi

The logistics sector was the most severely affected, with the supply chain being severely disrupted

According to the Ministry of Transport, many days after the storm hit, hundreds of locations were still cut off and blocked on various national highways in the northern region, especially in the midland and mountainous provinces. Transport operations were disrupted when the Phong Chau Bridge over the Hong River in Phu Tho province collapsed. Other bridges in the area were also affected, leading to the suspension of transport operations for all or some vehicles.

On September 16, 2024, CEL, a leading consulting company specializing in supply chain solutions, released its first comprehensive report detailing the profound impact of Typhoon Yagi on the supply chain in the northern region. The survey on severe disruptions in the supply chain, economic losses, and recovery efforts of businesses was conducted from September 10 to September 15, 2024, with the participation of 216 companies from various sectors: manufacturing (38.7%), retail and distribution (15.1%), logistics and supply chain (26.9%)...

The survey results showed that 15.4% of companies faced severe disruptions, while 53.6% experienced operational delays but managed to control them. Especially, businesses in the supply chain & logistics sector were most severely affected, with 82.4% of companies facing either significant or moderate impacts.

Additionally, approximately 20-30% of the surveyed businesses reported damaged roads causing disruptions in logistics and transportation. For instance, the Vang Dan coal mine in Quang Ninh province was completely cut off from electricity and communication at one point due to landslides on the road from Uong Bi city.

According to CEL, around 50-60% of the surveyed companies' factories suffered severe flooding, while 30-40% of industrial infrastructure suffered roof damage from strong winds. Furthermore, about 20-30% of companies had to deal with inventory losses, especially in sectors like electronics and wood products.

There are positive signals for post-typhoon recovery

With support from various levels of government and the efforts of businesses, 44.6% of surveyed companies expressed expectations of recovery within 1-2 weeks through rapid resource mobilization. However, as they enter the actual recovery phase, businesses may find that the recovery time could be longer and encounter unforeseen challenges.

Notably, retailers have swiftly reacted to ensure food security for the people. Major retailers have quickly increased their food stocks by 2-4 times to prevent food shortages. MM Mega Market, Central Retail, and Saigon Co.op have significantly boosted the supply of fruits and vegetables from Lam Dong and the southern region to the northern region.

According to CEL experts, the agriculture sector is expected to take between 6 months to several years to fully recover. Crops may recover within a year, while livestock and aquaculture may take up to 2 years for complete restoration.