24/05/2022at 15:01

DHL warns of "tidal wave" in supply chains after Shanghai reopening

When Shanghai at some point reopens, the pressure on supply chains will be enormous. CEO of DHL Global Forwarding does not expect freight market normalization before 2023.

"Everybody is a bit concerned over the possibility of a giant wave on the capacity side," said DHL Global Forwarding's CEO, Tim Scharwath, at a digital summit Monday. | Photo: Rolf Vennenbernd/AP/Ritzau Scanpix

by KIM WIESENER

The reopening of Shanghai following weeks of lockdown due to Covid-19 may create a ”tidal wave” in supply chains.

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DHL warns of "tidal wave" in supply chains after Shanghai reopening

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Related articles:

Shanghai's reopening may lead to increased pressure on capacity

1,000 DSV staff affected by Shanghai lockdown: "We have people who have been sitting in an apartment for 55 days"

Sign up for our newsletter

Front page now

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Blue Water founder promises future "focus on profitable growth"

EU considers capping Russian fuel prices at USD 100 a barrel

Borr Drilling raises USD 400m to pay off debt

Further reading

China creates uncertainty for major dry cargo operators – it could go both ways

Shanghai is busiest container port for 13th consecutive year

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

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