Supply Chains Brace For A Collapse As China’s Busiest Port Shuts Down & Freight Rates Soar!

Global shipping has always faced disruptions caused by unpredictable weather, accidents, and disasters, but what has been happening since 2020 is simply unprecedented. After the burst of the global sanitary outbreak, supply chains have been experiencing the biggest crisis since the start of container shipping over 65 years ago. “The health crisis has highlighted that ports are in desperate need of investment,” as explained by John Manners-Bell, chief executive at consultancy Transport Intelligence. “The entire port infrastructure system has been overwhelmed for the past year“. The situation was severely aggravated in recent months due to a major container shipping shortage, a series of natural disasters, the Ever Given blockage, and a new wave of confirmed virus cases. Several key ports are also congested due to a shortage of port workers, which is then contributing to prolonged delivery delays and shortages of key parts and products. Currently, about 353 container ships are stuck outside ports all around the