E-Commerce Concerns In China As Sainsbury’s Warns Of Trouble Ahead

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ValueWalk

“Just as soaring commodity costs were topping worry lists among many companies, fresh supply chain issues are looming with yet another Chinese commercial hub facing hugely disruptive lockdowns. More than 12 million citizens in the e-commerce centre of Hangzhou are set to undergo testing, a move which was a precursor to the hugely disruptive Shanghai shutdown and Beijing has also reported an increase in cases, with some residential areas sealed off. The worry is that China is committed to its zero covid policy for the long haul and that is set to mean ongoing disruption for trade. The expectati…

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