August Covid Update: Global Supply Chain Edition
August 12, 2021 • 1 minute read
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- In response to the rapidly spreading Delta-variant, Chinese authorities have tightened COVID-19 protocols at major airports including Beijing Capital Airport (PEK), Shanghai Pudong Airport (PVG), Zhengzhou Airport (CGO), and Xiamen Airport (XMN). The new protocols along with a reduced workforce has caused flight delays and significant disruptions to China’s supply chain.
- A number of airlines including China Cargo Airlines and China Eastern Airlines are taking steps to suspend or reduce airfreight until the end of August. Air freight shipping rates have seen a significant rise with rates from Shanghai to Los Angeles, Chicago and New York to reach $9.60, $11 and $12 per kg, respectively.
- Authorities have relaxed COVID-19 restrictions in 26 areas including Jakarta, Bandung, Surabaya, and Semarang. Other areas see restrictions extending towards August 23.
- Hanoi sees movement restrictions to remain in place until August 23. Ho Chi Minh City and surrounding provinces will see an extension of restrictions until mid-August.
- New South Wales will see tighter restrictions until August 16, while Victoria will see an easing of restrictions started after August 12th.
- Travel restrictions, domestic and international, will continue to stay in place until mid-August or later.
- Authorities will continue to maintain border closure with Brazil until October 1st. Only truckers with a negative COVID-19 test within one week of transit are exempt.
- Lahore, Multan, Rawalpindi, and Faisalabad will remain in lockdown until August 31st. The Punjab region will continue to enforce containment measures.
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