Shanghai Reopens but Supply Chain Backlog Will Persist

Shanghai fully reopened on June 1 after a city-wide COVID lockdown that started in March. Shanghai’s port, which is the largest in the world, has been operating throughout the lockdown at severely reduced capacity, causing many shipments to be cancelled, postponed, or rerouted.

The supply chain backlog caused by Shanghai’s shutdown will take time to clear, as manufacturers scramble to catch up with orders. With what’s happening in Shanghai and the impact of the war in Ukraine, the pressure on the global supply chain continues to be at an all-time high.

Source: Tandem Canada Newsletter Week22/23