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After recording 2,630 new COVID cases on Saturday, Shanghai started a nine-day lockdown yesterday, which will be conducted in two stages, so that half the city will remain functioning while authorities carry out infection testing. (more…)
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Air freight capacity from Asia has shrunk by 22% in a week, rail freight services have been suspended and sea freight bunker surcharges are expected to spike, with crude oil more than double the price at the beginning of the…
Read MoreOn Sunday Shenzhen entered a seven day lockdown and earlier today authorities in Langfang, which borders Beijing and Dongguan in the southern province of Guangdong were locked down for a week, while the entire province of Jilin has been placed…
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We are closely the evolving situation and evaluating the wider supply chain impact of the sanctions and restrictions that are being imposed on the Russian regime. With so much uncertainty and ‘Force Majeure’ being called by insurers, carriers and other…
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