Fallout from the war in Ukraine and a coronavirus outbreak in China’s manufacturing heartland are putting fresh kinks in global supply chains, dashing hopes of a return this year to reliably smooth freight shipments and adding to pressure on consumer prices.
Allied financial sanctions and the closure of Russian airspace are forcing cargo planes to fly longer, costlier journeys from Asia to Europe. Dozens of Chinese factories and port warehouses that supply the United States remain shuttered amid the country’s worst coronavirus flare-up since the original wave in Wuhan. And triple-digit oil prices are…
