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“I'm very worried where this is going because the current lockdown in Shanghai has been looking like it is going to end after this May holiday which means most people can probably walk around their neighbourhoods but for most factories around the East coast they are not in a very good condition. Taking notice of what is happening in Shanghai, many other cities are taking precautionary measures - even with one COVID case a whole city can be locked down. We might be looking at a situation where 30 cities might be locked down simultaneously. That is hugely disruptive to the supply chain.”
30 Apr 2022
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