Supply chain disruptions in China and Vietnam

Port congestion, already severe in the major ports of Shanghai, Ningbo and Cat Lai (Vietnam), is worsening due to COVID lockdowns in August. Contributing factors are labour shortages, factory closures, and transportation issues. Many consignees are unable to pick up their cargoes from the port. 

Freight rates are up nearly 600% over the past year and fewer sailings with slower turnaround times are set to keep freight rates high. Supplies for the Christmas season are likely to be constrained. 

AFRGO Marketing@Aug, 2021