Effective from the 26th April new China medical export controls have been implemented. New measures that enhance quality oversight and step up export regulation for epidemic prevention and control supplies.
Norman Global Logistics has highlighted how a crackdown on shoddy medical exports has led to surging air cargo costs and congestion in South China.
Office holiday announcement for Norman Global Logistics office closures in UK and Asia:
Lockdown, falling demand, store closures and limited warehousing operations, are forcing some shippers to leave their cargo uncollected at the port, raising concerns that supply chains could break down if ports become too congested.
The price of very low Sulphur fuel oil’s (VLSFO) is expected to remain under pressure until the COVID-19 pandemic is contained and the Saudi Arabia-Russia price war subsides tempting more carriers to join CMA CGM and avoid the Suez Canal, cutting millions from their operating costs.
The South China Morning Post reported on Friday on the challenges ahead for global trade and the outlook for air and sea freight, in the wake of Coronavirus. Expert opinion was provided by our very own Stefan Holmqvist.
Stefan Holmqvist, managing director of Norman Global Logistics Asia joined with Bjorn Wahlstrom, Managing Director at Current Consulting Group in Hong Kong, in last week’s webinar, to share supply chain experiences, understanding and expectations.
The government has confirmed that the work of the freight sector is “essential” and that ALL supply chain workers need to continue to go about their business to keep ALL supply chains running.
With countries around the world in the grip of the Covid-19 pandemic, demand for test kits and protective clothing and equipment has soared, leading to a rush of Chinese medical supply exports, by firms not licensed to sell them on their domestic market.
Leading supply chain news portal, The Loadstar, interviewed our Asian managing director, Stefan Holmqvist to produce their latest front page story; New supply chain risks emerge as production lines restart in China’s factories