China renewed restrictions on Covid-19 in major economic centers in March and April, hitting production and consumption and increasing risks for parts of the country’s heavily dependent global economy.
“After the reopening, there will probably be blockages in front of US and European ports,” said Tim Scharwath, adding that “it will take longer than I thought until the trading system returns to normal.”
He said global supply chain problems are likely to continue beyond the crucial Christmas shopping season next year.
Shipments normally reach Europe and North America slowly, Scharwath said, adding that a flood of containers could overwhelm ports if China does not phase out blockades.
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