Chinese Lockdowns Trigger Panic Across Supply Chains: Prepare Your Self For Shortage Of Everything

Widespread port shutdowns and factory closures in China are threatening to push already-stressed global supply chains over the edge. Chaos is fast spreading at Chinese ports as new lockdown mandates have started to be put in place after another wave of virus cases has been confirmed. The measures are aggravating port congestion all across the country just as operations started to be resumed last month. Many sources on the shipping industry said the new port shutdowns are likely to bring a repeat of the shipping disruption experienced earlier this year, when the nation’s key ports, Ningbo and Yantian, suspended all export operations for weeks. That event has contributed to the aggravation of shortages worldwide. And as several nations continue to struggle with empty shelves, including the UK and the US, the scarcity of consumer products may hit its worst level on early 2022. With approximately 350 ships waiting to dock at Chinese ports to either load or unload goods, almost 4 million containers remain stranded