Chinese New Year to Cause Worsening Shipping Delays

The Chinese New Year is earlier than the previous five years, causing some shipping companies to suspend services ahead of their new year, further straining global supply chains. The potential for supply chain disruption in 2022 is exacerbated by two key factors: China’s new year falling on the first of February, and their strict zero-Covid policy, which has already created problems for sailors who are forced into quarantine for extended periods of time. As a result, China’s southern manufacturing hub is starting to feel the effects of 7-week (and sometimes longer) quarantines. An article by Insider reports on the details behind China’s effects on the global supply chain.

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