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Supply Chain

DHL chief warns China lockdowns pose risk for global economy

Extended restrictions would have trade impact 'bigger than war in Ukraine'

TAIPEI -- Prolonged lockdowns in China would pose a greater risk to global trade and economic growth prospects than the war in Ukraine, the CEO of Europe's largest logistics company told Nikkei Asia in an interview. 

Frank Appel, chief executive of Deutsche Post DHL Group, the German-based logistics giant, said last week that the COVID-related lockdown measures in and around Shanghai have created uncertainties for production and supply chains. This could hamper global economic growth if the lockdowns continue, he said, citing economists and his own observations of the industry.

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