New China Covid outbreaks wreak havoc on supply chains
Now China’s Covid restrictions have been relaxed, worker shortages and factory closures, due to outbreaks ...
China’s power crisis is expected to further disrupt supply chains bringing longer lead times and a preference for high-value goods.
Last month, factories across Guangdong’s Pearl River Delta manufacturing heartland and nine other provinces were forced to cut output due to government-imposed energy caps.
According to Jacky Yan, founder and CEO of Chengdu-based New Silk Road Intermodal, the power cuts have already had a “big impact” on manufacturing, combining with the usual Golden Week lull to trigger a rare dip in container ...
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