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One in five container ships is now stuck at ports worldwide, with 30% of the backlog coming from China. And Lars Jensen, the CEO of the shipping container industry consulting firm Vespucci Maritime, told Fortune that the full impact of China’s policies will only begin to reveal itself over the coming weeks.
Experts say that China’s strict COVID-19 lockdowns will exacerbate global supply chain woes and add to inflation in the coming months.
The economic effects are starting to show.
from The Global Small Business Blog https://ift.tt/ijDnB3l
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