COVID-19 resulted in health and logistical challenges for many sectors of the American economy, including the trucking industry. This study examined how the pandemic impacted the trucking industry, focused on the pandemic’s impacts on company operations, health, and stress of trucking industry employees. Data were collected from three sources: surveys, focus groups, and social media posts. Individuals at multiple organizational levels of trucking companies (i.e., supervisors, upper-level management, and drivers) completed an online survey and participated in online focus groups. Data from focus groups were coded using a thematic analysis approach. Publicly available social media posts from Twitter were analyzed using a sentiment analysis framework to assess changes in public sentiment about the trucking industry pre- and during-COVID-19. Two themes emerged from the focus groups: (1) trucking company business strategies and adaptations and (2) truck driver experiences and workplace safety. Participants reported supply chain disruptions and new consumer buying trends as having larger industry-wide impacts. Company adaptability emerged due to freight variability, leading organizations to pivot business models and create solutions to reduce operational costs. Companies responded to COVID-19 by accommodating employees’ concerns and implementing safety measures. Truck drivers noted an increase in positive public perception of truck drivers, but job quality factors worsened due to closed amenities and decreased social interaction. Social media sentiment analysis also illustrated an increase in positive public sentiment towards the trucking industry during COVID-19. The pandemic resulted in multi-level economic, health, and social impacts on the trucking industry, which included economic impacts on companies and economic, social and health impacts on employees within the industry levels. Further research can expand on this study to provide an understanding of the long-term impacts of the pandemic on the trucking industry companies within the industry and segments of the trucking industry workforce.
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Uncertainty Analysis of Business Interruption Losses in the Philippines Due to the COVID-19 Pandemic
In this study, we utilize an input–output (I–O) model to perform an ex-post analysis of the COVID-19 pandemic workforce disruptions in the Philippines. Unlike most disasters that debilitate physical infrastructure systems, the impact of disease pandemics like COVID-19 is mostly concentrated on the workforce. Workforce availability was adversely affected by lockdowns as well as by actual illness. The approach in this paper is to use Philippine I–O data for multiple years and generate Dirichlet probability distributions for the Leontief requirements matrix (i.e., the normalized sectoral transactions matrix) to address uncertainties in the parameters. Then, we estimated the workforce dependency ratio based on a literature survey and then computed the resilience index in each economic sector. For example, sectors that depend heavily on the physical presence of their workforce (e.g., construction, agriculture, manufacturing) incur more opportunity losses compared to sectors where workforce can telework (e.g., online retail, education, business process outsourcing). Our study estimated the 50th percentile economic losses in the range of PhP 3.3 trillion (with telework) to PhP 4.8 trillion (without telework), which is consistent with independently published reports. The study provides insights into the direct and indirect economic impacts of workforce disruptions in emerging economies and will contribute to the general domain of disaster risk management.
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- Award ID(s):
- 1832635
- NSF-PAR ID:
- 10389388
- Date Published:
- Journal Name:
- Economies
- Volume:
- 10
- Issue:
- 8
- ISSN:
- 2227-7099
- Page Range / eLocation ID:
- 202
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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This research measures the epidemiological and economic impact of COVID-19 spread in the US under different mitigation scenarios, comprising of non-pharmaceutical interventions. A detailed disease model of COVID-19 is combined with a model of the US economy to estimate the direct impact of labor supply shock to each sector arising from morbidity, mortality, and lockdown, as well as the indirect impact caused by the interdependencies between sectors. During a lockdown, estimates of jobs that are workable from home in each sector are used to modify the shock to labor supply. Results show trade-o s between economic losses, and lives saved and infections averted are non-linear in compliance to social distancing and the duration of lockdown. Sectors that are worst hit are not the labor-intensive sectors such as Agriculture and Construction, but the ones with high valued jobs such as Professional Services, even after the teleworkability of jobs is accounted for. Additionally, the findings show that a low compliance to interventions can be overcome by a longer shutdown period and vice versa to arrive at similar epidemiological impact but their net effect on economic loss depends on the interplay between the marginal gains from averting infections and deaths, versus the marginal loss from having healthy workers stay at home during the shutdown.more » « less
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Abstract This research measures the epidemiological and economic impact of COVID-19 spread in the US under different mitigation scenarios, comprising of non-pharmaceutical interventions. A detailed disease model of COVID-19 is combined with a model of the US economy to estimate the direct impact of labor supply shock to each sector arising from morbidity, mortality, and lockdown, as well as the indirect impact caused by the interdependencies between sectors. During a lockdown, estimates of jobs that are workable from home in each sector are used to modify the shock to labor supply. Results show trade-offs between economic losses, and lives saved and infections averted are non-linear in compliance to social distancing and the duration of the lockdown. Sectors that are worst hit are not the labor-intensive sectors such as the Agriculture sector and the Construction sector, but the ones with high valued jobs such as the Professional Services, even after the teleworkability of jobs is accounted for. Additionally, the findings show that a low compliance to interventions can be overcome by a longer shutdown period and vice versa to arrive at similar epidemiological impact but their net effect on economic loss depends on the interplay between the marginal gains from averting infections and deaths, versus the marginal loss from having healthy workers stay at home during the shutdown.more » « less
- Free Publicly Accessible Full Text
-
Accepted Manuscript1.0
- Journal Article:
- https://doi.org/10.3390/economies10080202
