A COVID-19 outbreak at a major Chinese port is worsening the global shipping crisis, which could disrupt orders for the holiday season, experts warn
that has hiked costs and led to a shortage of popular goods, from chicken and semiconductors, as reported by Insider's Rachel Premack.
The new Chinese port restrictions, which include disinfection checks and limits on the vessel numbers, have triggered a backlog inYantian,"one of the biggest ports in China, has basically closed down for close to three weeks," Nils Haupt, communications director at the German shipping firm Hapag-Lloyd, told theDelays are"piling up" in the other three ports as well, Haupt said.
"Traditionally, the peak season for container shipping starts in the third quarter as everyone stocks up for the holiday season in the west, but this year we're just in a permanent peak season already, and heaven knows what's going to happen come August or September," he said."It could get crazy."
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