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Airspace closures, sanctions imposed on Russia expected to further disrupt global supply chains

Emily

Emily

Editor, Senior Moderator
https://www.reuters.com/business/ai...sion-stretch-global-supply-chains-2022-03-01/
March 1, 20221:28 AM CSTLast Updated 2 hours ago
Airspace closures after Ukraine invasion stretch global supply chains

By Jamie Freed
  • Flights between Europe and north Asia most affected
  • European airlines are cancelling cargo flights
  • Air freight rates were already elevated due to pandemic
March 1 (Reuters) - Global supply chains, already hit hard by the pandemic, are facing further disruption and cost inflation as airspace closures after Russia's invasion of Ukraine affect the air freight industry.

Transport between Europe and north Asian destinations like Japan, South Korea and China has become particularly problematic due to reciprocal airspace bans that bar European carriers from flying over Siberia and Russia airlines from flying to Europe...
 
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