OVERVIEW
MANAGEMENT
PERFORMANCE
POSSIBILITIES
CAPITALS
ACTIVITIES
ACTORS
BURGESS
|
SUPPLY CHAIN
SHANGHAI PORT DW News video ... Shanghai lockdown has global ripple effect, EU firms start to feel China's shipping delay Original article: https://www.youtube.com/watch?v=MJP85ncyWRs Burgess COMMENTARY The global supply chain has become massive and complex and vital to modern commerce and the global economy. There was a time when the global supply chain was quite modest in size and there was time to minimize disruption when something went wrong ... but that is a long time ago. During the past 40 years complex supply chains and global trade have dominated business and been responsible for a massive improvement in productivity and profts for big business organizations. Many Asian countries have become critical suppliers of all sorts of goods consumed around the world, and especially China. The ports in China are huge and very efficient ... but at the same time they are fragile and COVID disruption puts them and the global supply chain at immense risk. It is not at all clear that the COVID risk is over ... and it could be that global economic disruption is a long way from over. Peter Burgess | ||
|
Shanghai lockdown has global ripple effect, EU firms start to feel China's shipping delay | DW News
April 27th, 2022 DW News 3.84M subscribers 31,469 views Shanghai - China's most populous city and commercial hub - has been in a strict lockdown for about a month. Residents are only allowed to leave their homes in a few parts of the city. And while the port has been in operation, many exports are not leaving Shanghai because port workers and truck drivers, who transport the goods to and from the port are also affected by the lockdown. Right now, around a third of the 1,800 container ships stuck in the world, are in or around Shanghai. The city's hard lockdock is affecting global supply chains. Many companies, which produce in China, haven't been getting their goods and parts for nearly three weeks. It takes between 5 and 8 weeks for these container ships to make it from China to Germany so businesses here and elsewhere in Europe, are just starting to feel the problems. Meanwhile there's a plan underway to isolate dock workers, in an attempt to keep the Shanghai port operational.
| The text being discussed is available at | https://www.youtube.com/watch?v=MJP85ncyWRs and |
