Correct but from where we were to where we are now any out of stock items will be back to normal really quickly unless there is a sudden spike again in China.
A lot of things won't go out of stock right away, shipments from China before CNY have just arrived, so we should be fine for now. But the goods that were supposed to be produced or shipped in February/March will be delayed a few months, we shouldn't be seeing the effects until April/May. Besides that, about half of air cargo is reliant on passenger planes, so airing goods will be both more expensive with extremely low capacity. To make it worse, ocean cargo volume is down around 30% from what I saw.