February 14, 2020
A freight capacity crunch is likely this spring that could seriously hinder a return to normal international trade flows and now looks likely to disrupt global supply chains until April and potentially beyond, according to DHL.
In its latest update on the coronavirus outbreak in China, published yesterday, DHL’s Resilience 360 supply chain risk management platform warned: “While companies draw up contingency plans for production activities, supply continuation, and logistics services to cope with this complex and fast-changing situation, the crisis now looks (likely) to disrupt global supply chains until April and potentially beyond.
“While production-related challenges may be overcome in the coming weeks, limited inbound and outbound freight capacity could become the biggest obstacle in the months of March and April for supply chains to normalize. Chinese media organizations have put forward March 1 as the date when production schedules could return to near-normal operations; however, this will largely depend on when the outbreak will peak.”
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Source: Lloyd’s Loading List