AUTO AND ELECTRONIC PARTS MAKERS PAY 125% MORE FOR CHINESE, S.KOREAN IMPORTS

Highlights:

• As the Covid-19 virus outbreak continues to disrupt global supply chains, automakers and manufacturers of electronic goods are forced to pay exorbitant rates to aerially import spares and components from South Korea and China on chartered flights.

Buffer stocks at almost every facility have run out and all general transportation modes from the Covid-19 hit-region....