The following appears on Bloomberg.com
By Brendan Murray, Ann Koh, and Kevin Varley – China’s stringent rules to curb Covid-19 are about to unleash another wave of summer chaos on supply chains between Asia, the U.S. and Europe.
Beijing’s zero-tolerance approach amid an escalating virus outbreak brings the pandemic full circle, more than two years after its emergence in Wuhan upended the global economy. Shipping congestion at Chinese ports, combined with Russia’s war in Ukraine, risks a one-two punch that threatens to derail the recovery, already buffeted by inflation pressures and headwinds to growth.
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SOURCE Bloomberg
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Shanghai’s Lockdown is Making the Supply Chain Look Like 2020 Again