Frederic Neumann is co-head of Asian Economics Research at HSBC.
Containers are piling up in Asian ports. Shippers can't keep up with demand. Sneakers and semiconductors are in desperately short supply. The pandemic has provided a boon to the region's exporters, but this is about to end. Shipments will cool from their torrid pace and trade will slow over the coming year, posing headwinds to Asian growth.