Shortages of goods will continue for at least the next 3-6 months while the authorities handle the current outbreaks and consequences of Covid-19. There are continuing delays in shipments – out of ALL ports.
Some factories are still closed, or are only operating on restricted hours. Travel between certain provinces on the mainland China (where the factories are) and Hong Kong (usually where the offices and administration are) are severely limited. This is compounded by a shortage of ships and berthing and raw materials are also in short supply for the same reasons.
There is also some doubt on Trade Fairs in Europe going ahead next year – so we believe 2021 will be a year of consolidation.
We will continue to keep you updated as the situation changes. If you need further information please contact us.