Maersk & Goldman Warns China Restart Will Spark Renewed Supply Chain Congestion
A.P. Møller – Maersk A/S, the worlds largest container shipping company by capacity, and Goldman Sachs supply chain congestion analysis (in separate reports) indicate if China restarts, renewed supply chain congestion will be seen worldwide.
Maersk told its Asia-Pacific customers that Chinas zero COVID policy to lockdown Shanghai, the worlds largest port and Chinas financial hub, for nearly two months, will "have an effect all over the world in the coming months."
For seven weeks, a massive parking lot of vessels has been building outside Shanghai ports as operations came to a crawl because of the lockdown of 26 million residents.
Since the lockdown began in late March, Goldman Sachs weekly congestion index has slid as US West and East Coast port congestion plunged. This is because the trans-Atlantic volume of vessels from China to the US declined as port capacity was restricted due to...
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