Singapore consumer businesses in anxious limbo under Shanghai lockdown
They expect at least a month for situation to stabilise even after restrictions are eased but are cautiously optimistic over the longer term
SINGAPORE consumer businesses in Shanghai expect it could take 2 more weeks before they can reopen, and longer yet for normalcy to return, with the city's first prolonged large-scale lockdown having already hit operations hard - though not necessarily hurting longer-term optimism.
China's financial hub had aimed to stop the community spread of Covid-19 and ease lockdown restrictions by Wednesday (Apr 20). Yet only supermarkets and factories are gradually reopening so far, with the future uncertain for shopping malls and retail brands.
Sharon Wong, founder of baby product retailer Motherswork, does not e…
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