Shiloh
Editor, Senior Moderator
Source: https://www.ft.com/content/572eae5f-d47b-4e1b-a7c2-be63bd45000a
Shanghai lockdown ‘will have a global effect on almost every trade’
Restrictions across Chinese cities create a logistics logjam, threatening greater economic fallout
Thomas Hale and Gloria Li in Hong Kong, Harry Dempsey in London and Eleanor Olcott in Taipei 37 minutes ago
A spate of lockdowns in Shanghai and other Chinese cities is piling severe pressure on transport and logistics across the country, exacerbating the economic fallout of the government’s commitment to its zero-Covid policies as cases continue to soar to record levels.
The disruption has affected the trucking industry in particular, which plays a critical role in transporting goods between cities and to some of the world’s biggest ports but is now subject to severe restrictions on drivers and deliveries to locations with positive cases.
“Trucking is the main issue we have,” said Mads Ravn, executive vice-president and global head of air freight procurement at DSV, one of the world’s largest freight brokerages. He added that booking truck services was close to impossible and that flight activity into Shanghai Pudong airport was just 3 per cent of its rate last month with air cargo shipments limited to essential goods such as medicine...
Shanghai lockdown ‘will have a global effect on almost every trade’
Restrictions across Chinese cities create a logistics logjam, threatening greater economic fallout
Thomas Hale and Gloria Li in Hong Kong, Harry Dempsey in London and Eleanor Olcott in Taipei 37 minutes ago
A spate of lockdowns in Shanghai and other Chinese cities is piling severe pressure on transport and logistics across the country, exacerbating the economic fallout of the government’s commitment to its zero-Covid policies as cases continue to soar to record levels.
The disruption has affected the trucking industry in particular, which plays a critical role in transporting goods between cities and to some of the world’s biggest ports but is now subject to severe restrictions on drivers and deliveries to locations with positive cases.
“Trucking is the main issue we have,” said Mads Ravn, executive vice-president and global head of air freight procurement at DSV, one of the world’s largest freight brokerages. He added that booking truck services was close to impossible and that flight activity into Shanghai Pudong airport was just 3 per cent of its rate last month with air cargo shipments limited to essential goods such as medicine...
