Resilinc Special Report On Winter Olympics and Chinese New Year
New disruptions in China ahead of the Winter Olympics and the Chinese New Year threaten to impact the global supply chains. Coupled with China’s zero Covid policy, it has led to increased shipping delays and factory shutdowns. Limited power consumption during the Winter Olympics also directly affects transportation, shipping, production, and other high energy-consuming industries. With increased holiday demand, trucking and ocean fees have jumped up sharply, impacting the automotive, high-tech, and construction industry greatly with other industries also facing the brunt of this disruption.