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Companies are Beginning to Panic

One in five container ships (https://fortune.com/2022/04/21/china-covid-lockdown-shanghai-port-supply-chain-backlog-container-ships/) is now stuck at ports worldwide, with 30% of the backlog coming from China.

“The next effect will likely be felt in the U.S. West Coast’s ports of Los Angeles and Long Beach as the pent-up demand reaches them.”

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