The crisis in the supply chain, which was supposed to be temporary, now looks set to continue next year, as increased cases of the Delta mutation cause disruptions in factory production in Asia, causing more shocks to the global economy.
According to Bloomberg and euro2day.gr, processing is being hit by the lack of basic materials and the higher cost of basic materials and energy.
This leads to controversy over the fact that businessmen take up space on ships, pushing fares to record prices and some exporters raising prices or simply canceling shipments altogether.
China’s determination to eliminate Covid means that even a small number of cases can cause major disruptions to trade.
August the Chinese government temporarily closed part of the container port in Ningbo for two weeks after a dock worker was found to have the Delta mutation.
The cost of shipping a container from Asia to Europe is about 10 times higher than in May 2020, while the cost from Shanghai to Los Angeles has increased sixfold, according to the Drewry World Container Index.
Higher fares and semiconductor prices could fuel inflation, said Chua Hak Bin, an economist at Maybank Kim Eng Research Pte in Singapore.
The spread of the Delta mutation, especially in Southeast Asia, makes it difficult to operate many factories.
Source: www.metaforespress.gr
