Omicron outbreak to delay goods for Chinese New Year and drive inflation

The backlog in ships is likely to delay Chinese New Year deliveries and cause some shortage of goods at stores and supermarkets. ST PHOTO: THADDEUS ANG
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SINGAPORE - A fresh outbreak of Covid-19 cases globally is threatening to further weaken an already shaky supply chain, dimming hopes the delays that slowed production of everything from cars to gaming consoles in 2021 might abate this year.

It also raises the likelihood of inflation and a goods shortage for Chinese New Year on Feb 1.

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