COVID-19 lockdowns in China have significantly impacted global supply chains

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Following the full lockdown of the City of Shenzhen on 13 March, FourKites saw a 32% reduction in ocean shipment volume in Guangdong Province, where Shenzhen is located. There was a similar decrease at the Port of Shanghai, where partial COVID-19 lockdowns went into effect around the same time.

  • As lockdowns have lifted in Shenzhen, FourKites has seen a recovery in ocean volume in Guangdong Province, where the seven-day average ocean volume is now down only 15% when compared to before the lockdowns went into effect. Meanwhile, the Port of Shanghai is seeing significantly reduced ocean volume, where the partial lockdowns turned into full lockdowns on 28 March. Seven-day average ocean volume through the Port of Shanghai remains impacted, now down 33% when compared to 12 March.
  • Due to the lockdowns, some shippers are diverting goods away from the Port of Shanghai to other nearby ports, such as the Port of Ningbo-Zhoushan. At Ningbo-Zhoushan, seven-day average ocean volume is up 21% week-over-week, though is still down 3% when compared to earlier in March.
  • Over-the-road and intermodal shipments out of Shanghai are also trending downwards since the lockdowns went into effect. As of 30 March, the 14-day average shipment volume being picked up from Shanghai is down 17% when compared to 12 March.

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