The number of AIS signals from ships in Chinese waters has plunged 85% in under a month. Shipping companies use the data for a range of purposes, including the planning of shipping routes. The decline in data could worsen the current supply chain crisis. Ships in Chinese waters have vanished from tracking systems the maritime … Read more
China is imposing mandatory quarantines of up to seven weeks for returning Chinese seafarers. Crew changes are getting more difficult due to stricter government requirements, says the Global Maritime Forum. Ships are rerouting to work around China’s restrictions, prolonging shipments. China’s strict COVID-19 quarantines are making it difficult for ships to change crews, contributing to … Read more
Shoppers can expect more discounts in stores in the coming months because of the supply chain crisis. BMO analysts said delays mean items could arrive too late for the holidays and then be marked down. Retailers are also over-ordering items to avoid shortages, which could lead to leftover stock. The supply chain crisis might stop … Read more