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Shanghai trucking shortage eases but hurdles remain

Author:   Posttime:2022-06-10

THERE is optimism that a trucking shortage in Shanghai is shrinking, providing relief to the supply chain congestion, though hurdles remain, reports Bloomberg.

Some logistics experts see activity returning to 80 per cent of levels seen before Shanghai's Covid crisis lockdowns.
Digital freight forwarder Flexport declared the trucking situation in Shanghai could return to normal soon.
Although there are increasing levels of export containers heading into the city, IT logistics firm FourKites declared the volume heading out of Shanghai remains muted.
FourKites' customers had an average of 52 per cent more volume brought by truck and rail into Shanghai recently, while levels remain 31 per cent lower than March 12.
Meanwhile, container volumes transported from Shanghai were 84 per cent below March 12 levels..
The situation in Shanghai is being followed closely after a two-month lockdown impacted supply chains.
The easing of port congestion is expected to unleash a wave of containers on the US west coast that could clog supply chains further.
Citigroup declared in its June supply chains report that the global challenges look to be as sensitive as any time since the Covid crisis began.
"Supply chain pressures have proved to be more persistent, and apparently deep-rooted than we had expected even a few months ago," said Citigroup.
"Given these realities, any hopes of near-term improvement in supply chain conditions have been shattered."
 

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