According to the Deutsche Welle, on April 23, Siegfried Russwurm, president of the Federation of German Industries, said that German firms’ production process would be disrupted in the coming weeks.
This interruption is expected because China’s Shanghai port is currently piling up with cargo, as Shanghai has been under tight lockdown measures for weeks.
He added that the congestion would mainly affect the industries that depend on the importation of raw materials. Besides, it will impact those industries that must import by sea.
Taiwan-based shipping Evergreen Marine told the South China Morning Post about the situation at Shanghai port. Due to the Covid outbreak, the operational restrictions in Shanghai have affected cargo volumes around the port in recent days.
Danish shipping Maersk said that the wait times at the Waigaoqiao port area were longer. It also said all warehouse operations were closed until further announcement.
Siegfried Russwurm expected the problems in the maritime supply chain are unlikely to be resolved shortly.
He added that the more the lockdowns in China are extended, the more severe the economic consequences. It will impact the global economy and German exports as well.