Here is the latest in a long series of supply chain catastrophes. China’s drought has severely affected hydroelectric power, and in the area of Sichuan province, factories have had mandatory power shutoffs. A number of these are chip factories and solar panel makers, as well as battery makers. All these are much-needed products for integration into items for consumers.
Shipping prices from China by ocean continue to fall, and these shutdowns will reduce the number of export containers. And according to Container xChange, the demand for empty containers for export is also lower than expected.
By Sam Whelan 22/08/2022
Drought and power shortages bring crucial factories in China to a standstill – The Loadstar
Supply Chain and Logistics 