Coronavirus now disrupting China’s shipping industry, which will lead to collapse of global supply chain…”‘This really is the perfect storm’”

Monday, February 10, 2020
By Paul Martin

by: JD Heyes
Sunday, February 09, 2020

As bad as coronavirus is getting in China where the outbreak originated, the effects of the bug are soon going to be felt the world over, even in places where it has yet to make an appearance.

As reported by The Epoch Times, the pandemic is beginning to cause major disruptions in China’s shipping industry as lines are re-routed to reduce virus exposure while other nations are cutting their port calls to the Asian giant.

It’s a worsening situation, say analysts, that could set up delays of goods and components for months ahead.

Because of the virus’ pervasiveness, entire cities have essentially been shuttered — quarantined by Chinese health and government officials battling to curb the spread of coronavirus. So, too, have factories in the worst-afflicted areas.

And global air travel is suffering as well.

The Epoch Times notes further:

China’s decision to extend its Lunar New Year holiday period until Feb. 10 has compounded logistical complications, despite its ports staying open. China is a vital link to the container sector, transporting everything from fresh food to phones and designer clothes as well as industrial parts.

The government extended the Lunar New Year holiday as a means of curbing the virus’ spread, but it’s not working: Tens of thousands are now sick, hundreds are dead, and there is no evidence that the virus is actually being ‘contained.’

As such, the more it spreads, the more the government reacts with quarantines and other restrictions, which only compounds the problem of reduced factory production and delays in getting products shipped.

But the supply disruptions are not all due to China. Major container lines Maersk, MSC, and CMA CGM all have reduced port calls to China over coronavirus fears.

‘This really is the perfect storm’

The Rest…HERE

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