No reported closures within the Lumi network. Plan on 1-week delays for US manufacturers.
China’s busy season (which typically comes at the end of summer) is starting early. While Chinese manufacturers are fully operational, some capacity is still being diverted for the production of PPE and other coronavirus related items. They’re also seeing a rise in orders, possibly due to companies’ preparing for the holidays in the US. Expect delays of 1-2 weeks for now. Closer to July, delays will increase.
Air freight rates remain high in comparison to this time last year, but have significantly reduced from peaks seen earlier in the quarter. Improved capacity and steps to resolve bottlenecks are resulting in eased prices. Ocean freight rates remain stable, though inconsistent availability may result in up to 1-week delays.