Rising fuel prices and escalating logistics costs are compelling businesses to conserve every liter of fuel. While practicing thrift is always essential, storage capacity ultimately determines the economy’s resilience against energy shocks. Fuel for transport and electricity for cold storage account for a significant share of operating costs in the fruit and vegetable trade. Nguyen Dinh Tung, CEO of Vina T&T — a trading, service, and import-export company — explained that given soaring fuel prices, businesses must optimize domestic logistics to cut costs and sustain efficiency. Instead of relying on numerous individual trips, companies now consolidate shipments, gathering produce from the Mekong Delta and the Central Highlands before transporting it to HCMC for packaging. Truong Thinh Trading Company has already adopted order consolidation and route optimization, but now “must consider more carefully each trip to minimize fuel costs,” noted director Pham Van Thang. In addition, common vehicles are used for business travel, and many partner meetings are conducted online. Rising fuel prices, which drive up transport and service costs, have also hit the tourism industry. Tour contracts are often signed months in advance, making price adjustments difficult. Nguyen Son Thuy, director of Visit Indochina Company, explained that to maintain selling […]
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