Delayed shipments

Due to the rise of Covid cases in China, shipping of goods is being delayed or cancelled.  The removal of anti-Covid 19 measures in the Asian country and the huge movement of people during the Chinese New Year, may have contributed to the dramatic rise in infections, depriving manufacturing companies of manpower.

China assures that if the US and European markets should collapse again due to the recession, Chinese exports could still hold up, thanks to the development of cross-border e-commerce, and reassures that the improved digital infrastructure of its ports will ensure greater efficiency.

The risk for international logistics chains is to come to a halt – and related cost increases – again, as it happened back in 2021-2022, with the well-known consequences on trade.

Meanwhile, at the ports of Shanghai and Shenzhen, containers are waiting empty.