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Several institutions worldwide have predicted that the global economy will face severe challenges in 2023 due to the recession. According to various sources, a recession is a temporary economic decline with reduced trade and industrial sector activity.
The recession is also indicated by two consecutive quarters of declining Gross Domestic Product (GDP). Recession can also generate lower GDP per capita and purchasing power.
The International Monetary Fund (IMF) has downgraded its forecast for global economic growth in 2023 to 2.9%. This is because the signs of global recession have been seen in many developed countries.
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Some signs of recession include the stronger US dollar against all currencies and the high benchmark interest rate set by the US central bank (The Fed), deteriorating conditions of global stock exchanges, stalling economic engine in developed countries, and high inflation rate and high frequency of war.
For the industrial sector, the recession is indeed a serious problem that must be addressed. Some ways or strategies can be used to get out of this difficult situation.
Setijadi, the chairman of Supply Chain Indonesia (SCI), said that reformulation and restructuring of the logistics sector is the key to dealing with the recession. This aims to prevent weakening purchasing power.
The goal is to ensure the efficiency and effectiveness of the logistics sector. This is particularly important because Indonesia's logistics costs have so far reached 26% of GDP. If these costs can be reduced, the prices of industrial products can also be lowered.
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Logistics efficiency can be achieved by improving personnel competency, processes, and technology to enhance transportation efficiency. For personnel competency, the improvement focuses on technical skills for day-to-day operations and managerial and strategic skills.
For processes, efficiency is necessary to ensure swift and accurate transportation-related communication, coordination, and consolidation. Whereas for technology, including information technology, Setijadi stated that its use is important to ensure transportation efficiency and productivity.
Companies can answer the need for efficiency by carefully choosing a reliable and reputable logistics service provider. One of the best options is PT Serasi Autoraya (SERA), a subsidiary company of PT Astra International Tbk with a vast experience in the industry.
SERA is widely recognized as one of the largest transportation and logistics companies in Indonesia. This company continues to grow over time. Originally established to provide vehicle rental services, it has become the largest, industry-leading transportation provider.
See also: Get to Know More about Transportation and Logistics in Indonesia
Currently, SERA has many lines of business, including car and bus rental services for passenger transport by TRAC, a used car sale and purchase platform called mobil88, logistics services by SERA Logistik (SELOG), and an auction house bearing the trademark IBID.
Through the features under Astra Fleet Management Solution (FMS), SERA also provides comprehensive transportation solutions using advanced information technology. Such features ensure the transportation management's effectiveness, efficiency, and security.
Astra FMS has proven effective for various lines of business operated by SERA. It has features that facilitate transportation management for customers.
Customers can monitor vehicles in a real-time manner, minimize downtime, analyze driver performance, and improve the efficiency of vehicle operating costs.