Source: Economis Times: 

Consumer goods firms are gearing up for supply and logistics bottlenecks on concerns over the new Covid-19 variant, Omicron.

According to industry executives, companies are getting in touch with Indian suppliers, tweaking logistics contracts and planning to airlift more components to retain supply amid steadily recovering demand so far.

Logistics company executives are also expecting further delays in sea and air cargo shipments, as also increased freight rates and container prices.

Japan and Israel have already shut borders on worries over the variant, which first surfaced in South Africa. Australia will delay easing of border restrictions, while Sri Lanka, Singapore, South Korea, Indonesia and Thailand have barred travellers from South Africa.x

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