COVID-19 Weekly Update, June 29th 2021

COVID-19 Weekly Update, June 29th 2021

Everstream Analytics monitors and produces a weekly summary of supply chain impacts due to the ongoing COVID-19 pandemic. The update is provided free-of-charge to the industry.  

  • The Australian cities of Darwin, Perth, Brisbane and Sydney have entered new lockdown phases that require staying at home except for essential reasons amid renewed outbreaks of COVID-19 cases, which will affect about 10 million residents.
  • Indonesian authorities will impose stricter COVID-19 restrictions from June 30 to curb a new wave of infections. The new measures may include working from home for all non-essential sectors.
  • The Malaysian government has extended nationwide COVID-19 restrictions indefinitely until daily cases fall below 4,000, among others. The restrictions which have come into place in May 2021 have also affected manufacturing capacity, including in the semiconductors and automotive industries.
  • Authorities in Bangladesh have announced a 7-day nationwide lockdown from July 1 to stem a surge in COVID-19 cases, requiring all residents to stay home. Government, semi-government, and private offices will also shut down as part of the measures.
  • Portuguese officials have re-imposed lockdown measures in the capital city of Lisbon amid a surge in COVID-19 cases. The new restrictions will reportedly include a ban on travel to and from the city on the weekends.
  • The Brazilian state of Sao Paulo extended a lockdown until July 15 to reduce COVID-19 infections. The measures include a nightly curfew from 21:00 until 05:00 local time.
  • Ocean freight rates between China and North America sharpy increased in the past week. Rates rose by 39 percent and 34 percent respectively from Shanghai to the U.S. East and West Coasts, further adding to record-high levels that stand more than 200 percent higher year-over-year.

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Transportation costs to ship containers from Asia to North America and Europe have been rising at a historic pace as the supply chain industry experiences persistent congestion at major gateways. Download the recent Everstream report to find out how a long-term rising shipping cost crisis will likely hit cargo shippers ranging from food and beverage companies to retailers and automakers.