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

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

Such is the forecast by Tim Scharwath, CEO of logistics major DHL Global Forwarding.

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