If You Thought The Ever Given Blocking The Suez Canal Was Bad, What’s Coming Could Be Worse

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If You Thought The Ever Given Blocking The Suez Canal Was Bad, What’s Coming Could Be Worse
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The recent Covid-19 outbreaks in southern China, Southeast Asia, and Taiwan are threating to cause more pain as their effects ripple through supply chains over the next few week and months.

... [+]Barcroft Media via Getty Imagesblockage of the Suez Canal earlier this year attracted global attention to how disruptions to maritime trade routes could impact global supply chains. But recent Covid-19 outbreaks in southern China, Southeast Asia, and Taiwan are threatening to cause more pain as their effects ripple through supply chains over the next few week and months.for inbound container deliveries to the Yantian International Container Terminal in Shenzhen at the end of May.

The outbreak led to a shutdown of the west side of the terminal, though it continued to operate at around 30% of its overall capacity. Last year they told me that their worst truck backup stretched 20 kilometers. Recent reports of extensive traffic backups suggest that this time it might have been even worse. At times as many as 40 container ships werefor a berth, which reminds us of the back-ups this year on inbound ships at the Ports of Los Angeles and Long Beach.

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