DP World sees no quick end to global shipping bottlenecks | Reuters
Dubai ports giant DP World sees no early end to disruptions in global supply chains that have set off delays at ports and logistics hubs around the world, its chairman said on Friday.
The disruptions, a result of pandemic lockdowns and an unexpectedly rapid recovery in demand, have also led to shipping container shortages and skyrocketing freight rates.
"I really don't think it's going to be resolved this year, DP World's Sultan Ahmed bin Sulayem told Reuters on the opening day of Expo in Dubai, itself delayed a year by the pandemic.
He said he could not predict when the disruptions would end but that he was hoping for a breakthrough sometime next year.
"I don't see it ending soon but... I think as soon as most people are vaccinated it will be over," bin Sulayem said.
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