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INDUSTRY UPDATES

Shanghai to End Lockdown

18/5/2022

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​The lockdown in Shanghai had caused the supply chain to suffer terribly as activities such as manufacturing took a massive hit. However, the city has been showing signs of healing as the third consecutive day of ‘0 cases’ have allowed the government to end lockdown starting from June 1. Several highly accredited companies have shared their observation towards the negative outcome of this lockdown. Professionals at Kuehne+Nagel disclosed that a 15% of decline was recorded in China’s production output. Additionally, Accenture’s Seabury Consulting recorded a 66.4% downfall in the cargo capacity in first two weeks of April when compared to the same period of 2021.
The end of lockdown will bring the city back on track as it will allow the logistical links outside the city to connect to reconnect.
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Summary by Tejaswi Khanna
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