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China shipping backlog leaves factory owners with nowhere to put goods, and prices are rising

Summary:
[unable to retrieve full-text content]A month after container shipping operations returned to normal at China’s Yantian Port, factory owners are still feeling the pinch from a debilitating three-week shutdown, with warehouses chock-full of goods awaiting export.“While we can see the cargo is moving through the port again, this event is shaping up to be one of the most disruptive of the year,” said Josh Brazil, vice-president of marketing at logistics service provider Project44, in a note earlier this month.In Guangdong, a major…

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[unable to retrieve full-text content]
A month after container shipping operations returned to normal at China’s Yantian Port, factory owners are still feeling the pinch from a debilitating three-week shutdown, with warehouses chock-full of goods awaiting export.“While we can see the cargo is moving through the port again, this event is shaping up to be one of the most disruptive of the year,” said Josh Brazil, vice-president of marketing at logistics service provider Project44, in a note earlier this month.In Guangdong, a major…
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