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Omicron Pushes Hong Kong’s Import Supply Chain to Brink of Collapse

  • Flight ban and reduced cargo capacity are causing delays
  • ‘Severe shortage of freight space’ to push up retail costs
Updated on

Hong Kong’s omicron outbreak is dealing a double whammy to businesses.

Not only will new social distancing curbs crimp revenue for retailers and restaurants, a slashing of flights they rely on to bring everything from Australian cherries to Wagyu beef into the financial hub is set to raise costs and boost inflation.