Suez Canal blockage: China to see minor raw material disruptions, but accident further exposes ‘risks’ of global supply chains

//Suez Canal blockage: China to see minor raw material disruptions, but accident further exposes ‘risks’ of global supply chains

Suez Canal blockage: China to see minor raw material disruptions, but accident further exposes ‘risks’ of global supply chains

Any upheaval in the Chinese economy due to the blockage of the Suez Canal by a massive container ship is likely to be minimal given most of its intermediate supply chains are located in the Asia-Pacific region, economists and analysts say.Although there will be some impact on China, it will be mostly limited to sectors such as battery and rubber manufacturing, which depend on intermediary raw materials from Europe, they added.However, the bottleneck in one of the world’s busiest trading…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-03-29T12:15:13+00:00 March 29th, 2021|World|Comments Off on Suez Canal blockage: China to see minor raw material disruptions, but accident further exposes ‘risks’ of global supply chains