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China partially shuts down port after one Covid case

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Heavy cranes at Ningbo Harbor in China.

Philiphotographer | iStock | Getty Images

China has shut down a key terminal at its Ningbo-Zhoushan port, the third busiest port in the world, after one worker was found to be infected by Covid — a move that will likely put further pressure on already stretched supply networks.

It was the second time this year that the country suspended operations at one of its key ports.

Analysts say China’s “zero tolerance” approach toward Covid will exacerbate already stressed supply chains this year. Some warn that this may not be the last closure at a port as long as Beijing continues to take this stance.

Dawn Tiura, CEO of Sourcing Industry Group — an…



Source cnbc.com

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