Project44 warned that although the Suez Canal and Yantian International Container Terminal (YICT) resume full operations, their follow-up impact, coupled with repeated epidemics in some parts of the world, continues to put pressure on the supply chain that has seen a surge in Christmas cargo volume and the arrival of the peak transportation period.
As previously reported by Seatrade Maritime News, although Yantian Port YICT has now resumed full operations, approximately 20 berths handle approximately 40,000 TEU of cargo every day. However, according to data from project44, the impact of the interruption (which far exceeds the impact of the "Ever Given" on the Suez Canal) is still affected by ports across southern China, and the interruption is extremely long. Project44 analysts said: "The data shows that the next supply chain chaos may continue for a long time this year, and the impact on seasonal transportation can reach as far as Christmas."
Due to the pandemic, the processing speed of goods at Yantian Port has been affected, and the delivery of many retail products has been delayed. Moreover, as the global container shortage continues to ferment, well-known retailers such as Amazon and Walmart have warned that this will be a field. The chaos and global freight pressure may cause buyers to leave empty-handed this Christmas shopping season.
According to the latest data from the Los Angeles port signal platform on the 7th, the estimated cargo volume in the past three weeks has rushed to another peak after the peak in May this year, showing an overall upward trend.
With the shortage of global container segments and port congestion not alleviating, the peak season is approaching and supply cannot keep up with consumer demand. The risk faced by retailers is a serious shortage of goods. Isaac Larian, CEO of toy manufacturer MGA Entertainment Worry warning, "then there will be a big chaos." The company supplies a variety of toys to retail giants such as Amazon and Wal-Mart. At present, many toys are still stuck in Yantian Port. There is not enough inventory to meet consumer demand, which will seriously damage Christmas sales.
