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Port congestion leads to $4.5 billion weekly trade loss

Supply chain



Analysts at U.K.-based risk management firm Russell Group Ltd. estimate $4.5 billion worth of trade losses per week due to the ongoing congestion at Shanghai port, which is worsening global business interruption and supply chain risks, Reinsurance News reported. Insurers and reinsurers could face significant BI claims due to the ongoing port congestion.


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