Congestion in the US and Covid in China were also flagged as slowing Ireland’s global supply network. However, China’s rise in Covid-19 cases has stalled the global supply chain’s ability to bounce back. Around a fifth of Woodland’s Irish clients sourcing from Asia enquired into alternative markets to ensure supply. In Europe, congestion issues were made worse due to Russia’s war in Ukraine. Blaming inflation and supply chain issues, Woodland added that the cost of building new warehouses had risen to a point where construction slowed while rent and demand grew.

Source: Irish Independent April 24, 2022 04:34 UTC