Container xChange: Lockdowns to impact Chinese supply chain more than Russia war

COVID-19 related lockdowns are likely to cause greater damage to China’s supply chain than Russia’s war in Ukraine, according to container trading marketplace Container xChange.

Two weeks since the war began, there seems to be a negligible impact on the container prices and leasing rates in China, with container availability continuing to improve since Chinese New Year at the country’s key ports.

However, with the announcement of nationwide lockdowns, the supply chain must prepare for another turmoil in the coming months, noted the German platform.