Following the military coup in Myanmar on 1st February, all flights to and from the country were suspended. Yangon’s international airport could possibly be closed until May, including for cargo.
Naturally, we are monitoring the situation and any impact it may have on our customers’ global supply chains.
Today, the situation seems to have improved somewhat and communications are back to normal. The airport remains closed and, due to political uncertainty, flights are being cancelled from Qatar Airways, Turkish Airlines and ANA. Meanwhile, the port of Yangon is operating as normal, but customs will only be available until 4pm, which is likely to cause congestion and delays in file processing. The warehousing operation is limited until 8pm acceptance and no overtime is accepted.
Land operations are currently moving as normal but, in addition to customs clearance delays, it is also expected that there will be delays in trucking.
The key potential risk for supply chains moving forward will be potential economic sanctions being imposed and the removal of trade privileges. The US government has already threatened to renew sanctions.
Our teams will continue to keep you updated, but should you have any questions please don’t hesitate to contact us.