Ripples from Yantian port delays building to ‘unprecedented’ supply chain disruption
Jun, 14, 2021 Posted by Sylvia SchandertWeek 202125
Shippers are facing a perfect storm as the logistics industry has entered an “an era of unprecedented disruption”, with ports crippled by acute congestion as the malaise faced by China’s Yantian spreads to others.
The delays to Chinese exports, which have escalated to 16 days or more for vessels not cancelling their Yantian call, threatens an impact significantly worse than March’s Suez Canal blockage.
According to Alex Hersham, CEO and co-founder of supply chain technology company Zencargo, the knock-on effect from Yantian, which has been operating at just 20% of normal productivity due to an outbreak of positive Covid-19 cases, will be acutely felt in the coming weeks by retailers and consumers.
“Container shortages and delays will severely impact companies’ ability to deliver to customers,” said Mr Hersham.
Fonte: The Loadstar
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