China's Latest Outbreak: Top Risks to Your Supply Chain

The alarm bells are ringing again. China is grappling with record-high COVID-19 infections, just a few weeks after the Zero Covid policy was lifted. The virus is spreading intensively and close to 60% of the population is expected to be infected in the next 90 days. Key industries such as automotive, aerospace, high-tech, and life sciences are expected to be impacted by pandemic-induced labor shortages and production halts due to a drastic increase in cases. Also, 90% of the staff at major Chinese ports have contracted COVID-19, leading to rising congestion with the supply chain at risk again.