The cloud of ash spewed by a volcanic eruption in Iceland is choking the global supply chain and hurting businesses in import-dependent countries such as Hong Kong, reports the South China Morning Post.
The newspaper says that closed airports and grounded planes mean there are stockpiles of perishable cargo that cannot be delivered but do not last more than a few days. Such losses are unlikely to be covered by insurance, notes the Post. Meanwhile, prices will likely increase temporarily for non-perishable goods imported from Europe.
Citing airport authorities, the Post says a total of 35 flights between Hong Kong and European countries were cancelled yesterday, while 10 were delayed.