War. Inflation. And now, Covid lockdown deja vu in China. It is a perfect storm for the global supply chain – how goods and materials get from other countries to you and me.
When disruptions take place in China, it is significant because about a third of the world’s entire manufacturing capacity is based in the country.
If you’re buying something online there’s a very good chance it was made in Shenzhen – a city of 17.5 million in the south east where roughly half of all China’s online retail exporters are based.
So, when Shenzhen went into a six-day lockdown on Sunday after a massive surge in Covid cases, it sent shockwaves through the world’s businesses. The restrictions have since widened to other major cities and provinces like Shanghai, Jilin and Guangzhou.
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