Disruption in Asia, particularly the China with the government’s Zero Covid policy is playing havoc with global markets and supply chains.
Sourcing In Southeast Asia: Diversifying Your Supply Chain To Gain More Resilience
Sourcing in Southeast Asia: Diversifying your Supply Chain to Gain More ResilienceUnexpected Circumstances Result in Supply Chain Disruptions With the daily number of confirmed Covid-19 cases continuing to reach record highs, China’s financial mega-city, Shanghai, is being imposed to observe total lock-down since the end of March, resulting in shortage of transport and port workers. By beginning of April, the number of ships waiting for loading and discharge at Shanghai port reached 300+, tripling usual volume. As the largest export hub of China, consequence of congestion at Shanghai port is expected to impact in the next few months. Looking back …