The traffic jam of cargo ships due to the ongoing corona lockdown in Shanghai is disrupting global supply chains and will result in higher prices in Germany.
"The delivery bottlenecks will now also be felt in Germany," said Maximilian Butek, the delegate of German business in Shanghai, on Friday of the German Press Agency.
According to estimates, the export volume of the world's largest port has fallen drastically.
Many companies have not received their goods from the country for more than three weeks, said the delegate.
Alternative delivery routes via other ports were also not sufficient to cushion the loss.
"The shortage of supplies from China will continue to have a negative impact on the already high inflation in Germany," said Butek.
"The shock waves that the standstill is triggering here in China are not yet fully comprehensible," said the delegate.
It may take months to fix the disruptions in the supply chains.
The port itself is not the biggest problem.
Because of the strict corona measures, the difficulty lies in transporting the goods by truck to and from the port.
“In principle, this applies to all product groups.
But the concern is particularly great when it comes to electronic items and raw materials or preliminary products,” said the delegate.
The lockdown now affects all companies - regardless of industry or size.
There are massive impairments in the supply chains, the transport and logistics options or in the staff and in production.
The port city with a population of 26 million has been affected by extensive curfews for a month.
The metropolis is at the center of the largest corona wave in China since the pandemic began more than two years ago.
With curfews, mass tests and quarantine, the Chinese leadership is pursuing a strict zero-Covid strategy, which is being put to a severe test by the arrival of the BA.2 omicron variant.