![OMC OMC aponta para global supply chain bottlenecks / logística de suprimentos](https://www.datamarnews.com/wp-content/uploads/2019/07/OMC.jpg)
Global supply chain bottlenecks are likely to last says WTO
Feb, 02, 2022 Posted by Gabriel MalheirosWeek 202205
On Tuesday, February 1st, World Trade Organization (WTO) Director Ngozi Okonjo-Iweala stated that global supply chain bottlenecks are likely to last longer than anticipated, affecting developing countries the most.
“We initially thought that the disruptions in the global supply chain would be temporary. However, albeit we still believe disruptions will eventually come to an end, it may take longer than we expected,” Okonjo-Iweale said according to the British news outlet Financial Times.
Given the spread of the omicron strain, which hampered production and cargo transportation in China, the WTO director predicted that problems could persist until the end of the year, with the possibility of extending its reach into 2023.
As far as Okonjo-Iweale is concerned, the increased demand that has caused delays in the delivery of products worldwide will ease this year as factories are increasing their production output amidst a more controlled pandemic situation.
According to the director, major economic players still cannot solve structural and bureaucratic issues in the short term. She specifically cites the delays registered in ports located on the West Coast of the United States.
Source: Valor Econômico
To read the full original article, please visit:
-
Ports and Terminals
Apr, 24, 2020
0
Government plans to build rail branch in Marimex area at Santos
-
Economy
Mar, 28, 2022
0
The Ministry of Economy is pushing for the implementation of a new export insurance model this year
-
Ores
Jul, 24, 2019
0
Vale partially resumes dry processing at Vargem Grande Complex
-
Other Logistics
Oct, 31, 2020
0
Coruripe invests R$ 70 million in railroad to expedite sugar flow to Santos