Global Economy Heading For Mother Of All Supply Chain Shocks As China Locks Down Ports

Economic optimists have been betting on a stronger US growth for 2022 - something that may never actually materialize. Global events are suggesting that we're heading into an alarming growth slowdown. And the place where this growth slowdown is already emerging is China, our biggest trade partner. The country's strict health policies have locked down several ports over the past few weeks, as a new outbreak is spreading across the country right ahead of the Winter Olympics. A recent report by Bloomberg disclosed that the effects of the new restrictions are already having a severe impact on the supply chain region of the nation. And as a result of the slow movement of goods, with some of China's busiest and most important ports completely shutdown, shippers are now diverting vessels to Shanghai, and that's causing the types of knock-on delays at the world’s biggest container port that provoked massive congestion and disruptions last summer. Sailing schedules are already facing delays of over a week, and freigh