As Shanghai lockdown drags on, fears grow for global trade

Bengaluru, India – At a chemist in the upmarket neighbourhood of Koramangala in Bengaluru, India, owner Ram Narain anxiously asked one of his workers to check stocks of a long list of medicines scribbled on a sheet of paper.

China's COVID-19 lockdowns are causing disruptions to supply chains of everything from medicines to electric vehicles

As the employee yelled back numbers, Narain shook his head. Asked what was worrying him, he sighed.

“The same thing that’s troubling everyone else — the new lockdown in China.”

India is a major drug producer but sources 70 percent of its active pharmaceutical ingredients — the biologically active component of any medicine — from China. The indefinite COVID-19 lockdown since late March in Shanghai, home to the world’s largest container port, is threatening those supplies.

Narain’s concerns reflect growing worries that the restrictions imposed by authorities in the city of 25 million people could disrupt international supply chains of everything from medicines to electric vehicles, stalling the global economic recovery even as nations are finally opening up fully after two years.

To Know More : https://www.aljazeera.com/economy/2022/4/13/as-shanghai-lockdown-drags-on-fears-grow-for-global-trade