Global supply chains could remain clogged for two years because the world is so reliant on China for manufacturing, said the chair of DP World, one of the biggest container port operators.
Sultan bin Sulayem said China’s position as supplier to the world had been exposed as a vulnerability by the pandemic, with production and labour costs now soaring.
“I don’t believe you will see an easing in the problem of supply chains for the next two years — it’s the ripple effect,” he said in an interview. “Delays today are not just the problem of what is not delivered, the problem is also the other products that can’t be delivered. They are in a queue now.”
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