Shipping delays as Shanghai Lockdowns worsen

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • ‘Everything is halted’: Shanghai shutdowns are worsening shortages
  • Thousands of air fryers are stuck in factories, warehouses and ports in central China, where shutdowns have stalled millions of dollars’ worth of inventory for Yedi Houseware, a family-run business in Los Angeles.
  • “Everything is halted. There are closures this very minute that are adding to the supply chain nightmare we’ve been experiencing for two years.”
  • Widespread Covid outbreaks in China have bought entire cities to a standstill and hobbled manufacturing and shipping hubs throughout the country.
  • Apple’s top suppliers, for example, are based in or near the city, according to an analysis by Nikkei Asia.
  • Meanwhile, Volkswagen’s chief executive said this month that the automaker is “temporarily unable to meet high customer demand” because of ongoing lockdowns
  • The shipping time for toys from China to U.S. stores has ballooned from 21 days to 159 days during the pandemic, he said.

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