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Is the hammer for consumers yet to come?

The corona pandemic still has a firm grip on many areas of daily life worldwide. Last but not least, this also applies to the availability of goods in many sectors – from mobile phones to new electric cars, there are sometimes long waiting times. There is no guarantee that the peak is already behind us.

During the course of the pandemic, there have always been difficulties with supply chains. While some experts believe they will be overcome later this year, there are other voices as well. In addition, there are increasing signs in China that the Summit not yet reached could be.

New lockdowns in China: goods backlog is emerging

As in Germany, there are increasing cases there with the omicron variant of the corona virus, albeit very few according to official information. For this, the Chinese government hits wide more drastic measureswhen cases of infection become known.

For example, large parts of the city of Tianjin were quarantined last week after 40 cases were registered by Wednesday (source: FAZ). In the port city near Beijing VW has already closed two plants as a precaution have, Siemens and Toyota also produce there.

Tianjin is also one of the largest cargo ports in the world, as is Dalian, where the first cases are said to be. According to FAZ cargo ships from all over the world are already being diverted, often to Shanghai, where traffic jams cause delays due to the increasing crowds. A nationwide lockdown is no longer impossible, the newspaper said.

Even with high prices, our savings tips for online shopping can help:

German consumers expect waiting times and rising prices

In the case of VW, the difficulties in the Chinese market are already having an impact on group earnings. German customers are unlikely to wait for the finished cars that are stuck in China, although VW, for example, does not offer all configurations of its ID models. However, components from large parts of Asia are required for production in this country – above all computer chips, but also screen panels for TVs, for example, are largely manufactured in Asia.

For German consumers, this not only means ongoing difficulties in getting access to certain products, but also rising prices. This is not only shown by the example of the television. It has just become known that the new Galaxy S22 models from Samsung will also become more expensive due to the shortage of chips.

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