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Cosco: strained supply chains until Christmas

The issues in Global supply chains won’t be resolved anytime soon, according to an executive at state-owned shipping company Cosco. Increased demand for Chinese goods from Europe and the US for the Christmas shopping season is causing bottlenecks at ports and will put even more pressure on global supply chains, Caixin quoted Cosco’s deputy general manager Feng Bo as saying. “As the pandemic is not yet fully under control, under such circumstances it is difficult to resolve the disorder in the global supply chain in the short term,” Feng added.

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