New supply chain disruptions
China is expecting a peak in COVID-19 infections within a week, with authorities predicting extra strain on the country’s health system. A Shanghai hospital has estimated half of the commercial hub’s 25 million people would get infected by the end of next week. Experts say China could face more than a million COVID deaths next year.
China’s abrupt change in policy has caught a fragile health system unprepared, with hospitals scrambling for beds and blood, pharmacies for drugs and authorities racing to build clinics. Worker shortages and factory closures, due to the rapid spread of the virus, are the latest disruptions to hit the world’s supply chains.
The war in Iran is having a massive impact on shipping and air freight
The situation in the Middle East is escalating, causing massive disruptions to maritime shipping. Maersk and Hapag-Lloyd have suspended all ship passages through […]
Air and ocean freight severely affected by the conflict in the Middle East
Following the coordinated Israeli-U.S. air strikes on Iran, international airlines reacted immediately by scrapping air services to the region or canceling overflights on […]
Europe’s costliest tariffs are self-imposed
The European Commission’s annual single market report delivers an uncomfortable truth: intra-EU trade fell from 23.5 per cent of bloc GDP in 2023 […]
