Resilience360 monitors and produces a weekly summary of supply chain impacts due to the ongoing COVID-19 pandemic. The update is provided free-of-charge to the industry.
Major COVID-19 developments over the past week:
- The Government of Malaysia confirmed that it will further ease COVID-19 movement restrictions after a month-long lockdown was imposed last month to cope with rising infection numbers.
- Australian authorities in the state of Victoria announced a new lockdown in Melbourne from February 13-17 after at least 13 COVID-19 cases were linked to a Hotel near Melbourne Airport. States across the country have also re-introduced border restrictions with Victoria to prevent a cross-border spread of the virus.
- In Germany, authorities extended the nationwide lockdown until March 7 and announced additional border controls with Austria and the Czech Republic from February 14 to curb the spread of COVID-19. The measures quickly led to long truck queues at busy crossings such as the Brenner highway, and may lead to production disruptions in the German automotive sector.
- Cathay Pacific Airways announced that it will be cutting all long-haul flights to Australia except routes servicing Sydney following plans from the Hong Kong government to introduce tougher new quarantine rules for airline crews. The reduction in flights is expected to begin on February 20 and last until at least the end of the month.
- Ocean cargo rates on the Asia-Europe route continued their steady decline into February as China started its Chinese New Year Holiday, while they remained at similar levels to the past week on the transpacific route. Meanwhile, large incoming air freight volumes ahead of Chinese New Year have caused congestion at European airport warehouses in Amsterdam as well as Frankfurt.