China Lockdown Update

Industry experts have expressed concerns of how continued lockdown restrictions imposed in China will impact global supply chains.Shanghai continues to operate but under stringent COVID control measures. The port is closed off from the city and trucks are having difficulties entering and exiting, delays are accumulating as a result.Millions of people in the area remain under restrictions and suppliers are working at reduced capacities.Vessel trackers display the severity of the congestion off the coast of Shanghai. The green dots symbolise the waiting cargo vessels.As always, Neptune are keeping in close contact with our origin counterparts to monitor this situation.If you would like any further information, please do not hesitate to contact your account handler who will be happy to assist.Useful Links:https://www.bbc.co.uk/news/business-61158566https://news.sky.com/story/covid-19-extraordinary-image-shows-heavy-marine-traffic-around-shanghai-amid-concerns-over-impact-of-lockdown-on-supply-chains-12593848