“China’s zero-tolerance policy has reminded us that supply chains are still subjected to massive disruptions. The lockdowns couldn’t come at a worse time, as spring tends to be one of the busiest shipping seasons of the year.”
“Shenzhen’s 17.5 million residents were placed under lockdown on Sunday. The city resides in Guangdong, a coastal province of southeast China known for its manufacturing hub and ports, which account for about 11% of China’s economy. The province accounted for 23% of China’s shipments in 2021.”