News / Manufacturing counts the costs of Shanghai lockdown as exports return

The Shanghai lockdown has cost global trade $28bn so far, with the clothing, textiles and automotive industries suffering the most exposure.

However, shipment volumes out of the world’s biggest port have stabilised, and more manufacturing is set to get the go-ahead to resume production.

According to data and analytics company Russell Group, the “severe” cargo delays at Shanghai sent “shockwaves” through global supply chains, and impacted the clothing industry to the tune of $884m, textiles $717m, and cars and people carriers $767m.

It ...