The floods in China and Europe are yet “another body blow” for global supply chains, the CEO of a shipping firm told CNBC on Monday.
“Rarely does a week go past without something new,” says Tim Huxley, CEO of Mandarin Shipping.
Shipping has already seen massive disruptions this year. As parts of the world rebounded from the pandemic, increased spending led to a shortfall of containers, creating delays and driving up prices.
To read the rest of the article, please visit here