Let’s begin with shipping rates:
Did you imagine lockdowns in Shanghai and Shenzhen would drive up the cost of transporting goods from China to Europe? If you did, then you’d be wrong. Here’s what’s happened to the price of taking a 40ft container’s-worth of goods from the Far East to Northern Europe on short notice:
The data comes courtesy of shipping specialists Xeneta. On the Far East to South America East Coast route prices have fallen so dramatically that they’re now lower than they were at this point last year: