China’s most-populous city has yet to
give an indication of when lockdown measures will lift, fuelling greater
uncertainty for those involved in global logistics.
testing identified 19,982 cases
Shanghai’s daily Covid-19 infections set
a record for the sixth straight day on Thursday, as citywide mass testing
identified 19,982 cases in China’s financial and commercial hub.
EU Chamber of Commerce in China members
estimated yesterday that Shanghai port volumes are down by about 40%
week-on-week, despite the port’s operator insisting that it is business as
usual at Yangshan and Waigaoqiao thanks to a bubble working environment at the
193m people are now
in lockdown across China
The issue, as has repeatedly been
stressed since the lockdown came in 11 days ago, is down to limited trucking
availability and the shuttering of many factories and warehouses. Many of the
entry and exit points on the highways between provinces are also blocked
causing severe supply chain issues.
Cargo volumes through the port tracked by
FourKites, a supply chain data firm, had dropped by about a third since March
12 as shippers reroute freight elsewhere.
is significantly disrupted
“The indefinite extension of the Shanghai
lockdown is causing a significant slowdown of operations at the city’s major
air and ocean ports due to laborshortages as well as a drop in the availability
of goods as manufacturing and warehouses close, and trucking availability is
significantly disrupted,” an update from online freight platform Freightos
earlier this week stated.
The lockdowns are
taking their toll on the national economy.