No matter how “open” the Chinese government has said Shanghai is, the flow of trade is telling otherwise. The reality is quite simple: Shanghai’s supply chain is sick.
The diagnosis is based on the volume of trade being moved and produced. Trade takes people working throughout the entire supply chain. That is not happening.
Below are FreightWaves SONAR charts that take a real-time temperature check on the Shanghai trade route.
The first shows container dwell time at the Port of Shanghai. Sure,...
https://www.freightwaves.com/news/sonar-charts-check-temperature-of-shanghais-ailing-supply-chain