China Continues to Pursue Covid Zero and Isolation Policies, Leading to Stagnant Cargo Supply Chains
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From the story: The Chinese Communist Party is continuing with zero-Wuhan coronavirus policies by locking thousands of people into isolation centers (Townhall). The BBC Reports: A European business group says Western companies in Shanghai are facing a “logistical nightmare” as they start to reopen after a city-wide lockdown. The European Union Chamber of Commerce says that it expects the problems to last for several more weeks. Although some firms have restarted operations in Shanghai by having their employees remain on-site, “many companies still face the challenges of labour shortages and logistical difficulties,” said Bettina Schoen-Behanzin, vice president of the European Union Chamber of Commerce in China and head of its Shanghai chapter. “We estimate that less than 30% of their workforce are eligible to go to work due to the ongoing lockdowns, so there’s a huge gap between policy and the reality of implementation,” she added in a statement on Thursday (BBC). Wall Street Journal: Trucking has been the worst hit, as strict local pandemic policies and arbitrary implementation of rules choke off the transport of goods. At Shanghai’s port, normally the busiest container port in the world, empty containers are stacked on docks waiting for trucks to deliver cargo. The logistics snarls in and around Shanghai further add pressure to an already battered global supply chain and to rising prices of goods in the U.S (Wall Street Journal).

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