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China Covid cases causing higher shipping costs, delayed goods

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Shipping containers from China and other Asian countries are unloaded at the Port of Los Angeles as the trade war continues between China and the US, in Long Beach, California on September 14, 2019. –

Mark Ralston | AFP | Getty Images

First, it was a critical shortage of shipping containers due to the pandemic. Then came a massive blockage in the Suez Canal.

Now, businesses and consumers are bracing for yet another shipping crisis, as a virus outbreak in southern China disrupts port services and delays deliveries, driving up costs again.

The Chinese province of Guangdong has faced a sudden uptick in Covid-19 cases. Authorities have moved to shut down districts and businesses to prevent the…



Source cnbc.com

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