BELOW SUPERNAV drop zone ⇩

Shanghai lockdown triggering supply chain issues

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

AUTO TEST CUSTOM HTML 20241114185800

(NewsNation) — For much of last year, the pandemic led to a daily backup of more than 100 ships at the ports of Los Angeles and Long Beach.

Now, the lockdowns in China have port officials preparing for a new surge when they finally end.

Shanghai is China’s busiest port and usually handles about 20% of all exports. 

Cargo is moving these days, but capacity is only about 20% since 25 million people remain in lockdown, which has resulted in the shutdown of most city warehouses and plants.

Restrictions have anger and outrage boiling over, incoming cargo is piling up and goods are stranded at Chinese warehouses with fewer trucks and trains picking up.

“It’s already affecting the global supply chain,” said Mario Cordero, an executive director at the Port of Long Beach. 

The executive director went on to say that there is already a lull in Chinese imports.

But when manufacturing resumes, he said, Southern California will be more prepared for another supply chain surge.

“We’re a lot more ready for that than maybe we were back in 2021 in the fall, because of some of the proactive measures that both ports have taken since that time,” Cordero said. 

The biggest change is that both ports can now operate 24 hours a day for much of the week.

In the short term, the slowdown in supply will mean more financial pain for consumers.

“That is probably going to throw another wrench into inflation, because once again, vendors who are getting their supplies from those factories will not get it one time or might not even get it at all,” said Yoni Mazur of Getida Technology.

Due to less manufacturing in China, fewer carriers are needed in the ports of Shanghai and Shenzhen, which usually ships key consumer electronics components used by companies such as Apple and Sony.

Coronavirus

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Clear

la

57°F Clear Feels like 57°
Wind
4 mph S
Humidity
87%
Sunrise
Sunset

Tonight

Partly cloudy skies this evening will become overcast overnight. Slight chance of a rain shower. Low 52F. Winds light and variable.
52°F Partly cloudy skies this evening will become overcast overnight. Slight chance of a rain shower. Low 52F. Winds light and variable.
Wind
5 mph SSW
Precip
15%
Sunset
Moon Phase
Waxing Gibbous