x

Economy

Shanghai COVID-19 Lockdown Disrupts Supply Chain to Greece

ATHENS – A sudden turnabout in China that saw the major port city of Shanghai locked down over resurging COVID-19 cases is slowing the delivery of products to Greece and further upsetting an already struggling supply chain.

Getting goods shipped around the world had become difficult in 2021 when activity was trying to return after lockdowns in 2020 that closed most non-essential businesses and slowed sea traffic.

With Russia’s invasion of Ukraine also impacting the supplies of wheat and sunflower oil and other commodities, the Shanghai Lockdown has thrown another monkey wrench into the works, noted Kathimerini in a report.

Vassilis Korkidis, Chairman of the Piraeus Chamber of Commerce and Industry, told the paper that delays in delivery of orders through China are up to 14 days and could become worse if the lockdown is prolonged.

Especially being impacted are clothing and hotel equipment and while there aren’t any shortages the problem is getting them delivered, which could be a problem, the spring tourism season already underway in Greece.

Delays from major suppliers in electrical and electronic appliance deliveries are about a week but a senior official at one of the sector’s leaders, who wasn’t named, told the paper delays in deliveries from smaller suppliers are longer. The closing of major car industries’ plants in Shanghai and other cities in China with lockdowns could mean that new vehicles won’t be deliverd for up to a year, making them old on arrival, although other freight is better off.

RELATED

ATHENS - "It is certain that the SYRIZA party of 172,000 members will be the first party by far in the next general elections, whenever Prime Minister Kyriakos Mitsotakis decides to hold these," underlined main opposition SYRIZA leader Alexis Tsipras in his statement late on Sunday, commenting on the results of the vote to elect the SYRIZA party's leadership.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

TNΗ’s Happenings of the Week by Eraklis Diamataris

NEW YORK – The National Herald’s Happenings of the Week as have been reported at the print and digital editions of TNH and presented by the TNH Editor Eraklis Diamataris.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.