
Yangshan Deep Water Port in Shanghai
Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine and other strains cause even longer delays at ports and drive up costs.
The study by analysts at Royal Bank of Canada (RBC) found that
one-fifth of the global container ship fleet was currently stuck in congestion at various major ports.In China, ships awaiting berth at the Port of Shanghai now tally 344, a 34% increase over the past month, while
shipping something from a warehouse in China to one in the United States currently takes 74 days longer than usual.In Europe too, ships from China are showing up an average of four days late, causing a number of knock-on effects, including
a shortage of empty containers to take European-made goods to the U.S. east coast.
Comment: Bill Gates has decided he needs to get into it, presumably to protect his covid vaccine narrative