Logistics platform project 44, on april 18, some ships had been diverted away due to truck shortages. but the containers are piling up at the port waiting on average for 12 days before they are picked up and delivered compared to just over four days in late march. shanghai is also a major aviation hub, but the outbreak has forced the suspension of many flights causing air freight rates to sky rocket. all of this is putting even more pressure on global supply chains. this is having a supply shock, a lot of these shipments now can t leave the ports, can t leave the airports in shanghai. and these are goods which are ultimately going to europe and the u.s. it is going to push prices up, we re going to see more inflationary pressure. reporter: the zero covid strategy has also forced many factories in shanghai to suspend operations. the apple supplier pegatron has suspended production.
It comes at the a steep cost to its economy and has implications for the word. we re forecasting that the lockdown in shanghai will rock china s economy. shanghai is an economic powerhouse for china. it holds one of the two stock exchanges. shanghai s port accounts for something like 3% of global through-put at any given time. reporter: shanghai is home to the world s busiest container port. it remains operational, but according to logistics platform project 44, on april 18th, some ships have been diverted away due to truck shortages, but the containers are piling up at the port, waiting on average for 12 days before they re picked up and delivered compared to just over four days in late march. shanghai is also a major aviation hub, but the outbreak has forced the suspension of many flights, causing air freight rates to skyrocket. all of this is putting even more pressure on global supply chains. this is having a supply shock. a lot of these shipments now
Cnn explains. china s biggest and most affluent city. the streets have been empty for weeks. shanghai battling the worst ever covid-19 out break. determined to crush it with the zero covid policy. in a steep cost to the economy and has implications for the world. we re forecasting that the lock down in shanghai will rock the economy. shanghai is an economic power house. for china. it holds one of the two stock exchanges. the port is 3% of global cargo at any given time. shanghai is known to the world s businessest container port. it remains operational. on april 18, some ships has been diverted away due to truck shortages. containers are piling up at the port. waiting on for 12 days before they are picked up and delivered.