The global supply chains have been partially interrupted since the beginning of the corona pandemic. After the situation had improved in 2021, the situation is now getting worse once more. The corona lockdowns in China are to blame.
These exacerbate the shortage of materials in industry. In the most recent company survey by the German Ifo Institute in May, 77.2 percent of the companies there complained regarding material shortages and delivery problems. In April it was 75 percent.
delaying economic recovery
“The closure of ports in China has further worsened the situation for many companies,” said Ifo survey manager Klaus Wohlrabe in Munich on Monday. The massive disruption of the logistics chains will therefore noticeably delay the economic recovery.
Around half of the companies in the survey said that the lockdowns in China had exacerbated supply problems. Almost all key industries are badly affected, most notably mechanical engineering, where 91.5 percent of companies complained regarding delivery problems. (SDA)
