China's strict anti-epidemic policies have caused supply chains around the world to fall into an extreme crisis. Along with that, the conflict between Russia and Ukraine further changed the global economy, which was already severely affected by inflation.
In the context of the war in Ukraine, shipping and air freight were severely impacted, followed by the global supply chain, which was already frayed by the Covid-19 pandemic, which continues to face a significant challenge. It is unknown how long it will last due to supply chain disruptions from these two countries.
As 2021 closes, the global shipping industry will face the risk of volatility from unprecedented supply chain disruptions and bottlenecks. Along with the rapid spread of the Omicron variant, countries have handled this outbreak with a variety of measures, making it difficult to predict potential supply chain risk