Freight forwarders are reporting a mixed picture of the current supply chain situation in China as COVID lockdowns continue following recent protests against the government’s pandemic policy.
China’s pandemic measures are continuing to have a negative impact, although market rates remain similar to the previous week, according to Flexport.
“The COVID outbreak in the Guangzhou area continues to affect manufacturing operations, resulting in cargo output delays,” said Flexport in its airfreight market update on November 29.
Additionally, low demand out of North China is set to continue and this has had a direct impact on flights.
Westbound Logistics pointed out in a recent customer update that Chinese New Year is also approaching, with a two-week shutdown starting January 22. The shutdown could further exacerbate supply chain weakness.
Read more in an article from Air Cargo News.