SHANGHAI CARGO CONGESTION COULD BRING DOWN GLOBAL ECONOMY

And very likely by design.

The lockdown in Shanghai is causing a massive logjam in maritime cargo transportation. A fifth of the world’s containerships are currently stuck in congestion. The largest share are stuck offshore around China. The global supply chain repercussions are enormous. Cause and effect. pic.twitter.com/olzWXIL7Ru

— James Melville (@JamesMelville) April 27, 2022