China Supply Crisis: As Christmas nears, China’s biggest shipper says there’s no end in sight for supply-chain crisis
Synopsis
Soaring demand in the US and Europe has disrupted global supply chains, given China’s central role in them, says Feng Bo, deputy general manager of China Cosco Shipping, the world’s third-largest container carrier. Manufacturers including Apple, Samsung, and Toyota have been forced to cut production due to a lack of key components, and shipping costs have skyrocketed.
Kelsey ChengThe ongoing global supply chain crisis triggered by the Covid-19 pandemic is not likely to ease any time soon, according to an executive at China’s largest container carrier, as increased shipments from China ahead of year-end holidays have caused bottlenecks at ports.Soaring demand for Chinese-made goods in the U.S. and Europe has squeezed and disrupted global supply chains given China’s central role in them, said Feng Bo, deputy
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