Follows is an update on the corona virus from one of our Chinese agents, a VERY capable, incisive, and bright leader!
“As for market conditions playing out in China due to the Novel Coronavirus:
1) Traffic conditions for major inter-province highways and local roadways are still affected as certain road closures remain in place to contain the spread of the virus.
2) Moreover, trucking capacity will be limited as travel restrictions continue to prevent drivers from returning to work since many were and still are stranded in their home towns over the extended holiday.
3) Although work has resumed at factories, warehouses, ports, customs, and transport service providers, capacity remains at sub-optimal levels due to the shortage of labor as personnel face difficulty returning to work.
4) Airlines and carriers have blanked routes and sailings to cope with the situation, drastically reducing freight capacity. We expect as businesses return to normal operations, there will be a noticeable capacity crunch as supply chains look to quickly move their goods.
For any concerns or assistance, please contact your respective Helka representative.
We will continue to keep you informed of any changes to the current situation.
We thank you for your support and understanding during the unusual period.
Best Regards,
Sharon Ki
Managing Director
HELKA Group”
As you can ascertain from this report, most shipments from China will be delayed.
Contact us with any questions.
Lee Hardeman LeeH@LHCB.com Direct: 404-477-3452
Sandy Cato SandyC@LHCB.com Direct: 404-477-3454
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