Predictions
- Major disruptions to shipping will continue until at least early 2022, significantly impacting supply chains worldwide
- Further surges in demand ahead of Christmas will add to strain on supply chains, exacerbating delays in transport of goods
- Delays in shipping will further fuel demand for air freight, although major further disruptions to these supply chains are also likely
Event
The Meishan terminal at China’s Ningbo-Zhoushan port – the third-busiest cargo port in the world – reopened fully on 25 August, two weeks after the detection of a single coronavirus (COVID-19) case had necessitated a complete shutdown.
Falanx Assynt is a global intelligence consultancy and leading provider of geopolitical, strategic and business risk analysis since 2003. Falanx Assynt is part of Falanx Group Ltd (LON:FLX) which, through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide.