Typhoon In-Fa hit eastern China last weekend, temporarily closing down many businesses and forcing over 100,000 people to evacuate.
Shanghai’s mega container ports were temporarily shut down over the weekend, causing further disruptions to the ocean and air freight supply chain.
The latest weather forecast from Everstream Analytics shows In-Fa’s winds have slowed down to 40mph, but heavy rainfall “threatens to put some assets at high risk with severe flooding, including Shanghai Pudong Airport and the ports of Ningbo, Shanghai, Changzhou, and Nanjing.”
Shanghai and Ningbo, the largest and third-largest container ports in the world, are responsible for moving huge amounts of Chinese exports that help sustain the global economy. At the ports, container freight terminals have shut down, vessel movements delayed, and warehouses are not receiving or delivering goods. SEKO Logistics reports.
Everstream continued: “Everstream experts expect this to continue through the middle portion of the week as In-Fa slowly moves northward across portions of east-central China. Transportation disruptions will be moderate to significant due to damaging winds, storm surge, high seas, and flooding. Infrastructure damage is possible. Supply chains should monitor the situation closely and take preparatory action for any locations within the zone,”
As stated by the Business Times, ‘the continued flooding will result in millions of dollars in economic damage and severe disruptions to world supply chains.’