Posted on 03/14/2022 7:54:20 AM PDT by SeekAndFind
Beijing's decision to lock down 17.5 million people in China's de facto 'tech capital' of Shenzhen is already creating serious problems for global supply chains.
Now, it appears that among the earliest casualties of this latest lockdown is the perennially popular iPhone. Because, as Bloomberg reports, Apple supplier Foxconn has been forced to scale back production at two sites used to make iPhones due to the lockdowns.
The firm is shifting production away from two campuses in the area to try and reduce the impact from the lockdown.
The Taiwanese company, also known as Hon Hai Precision Industry Co., has its China headquarters in the area and a key manufacturing site in Guanlan. It is suspending operations at the two campuses and has reallocated production to other sites to reduce impact from the disruption, the company said in a statement. Foxconn didn’t specify the length of the suspension. The measures from the Chinese government call for non-essential businesses in Shenzhen to halt until March 20.
But as at least one reporter noted on Twitter in response to the news, the shutdown risks creating a supply shock "on top of a supply shock" and leaving the Fed with little to no room to actually get inflation under control.
Supply shock on top of supply shock really does raise the question if there's anything the Fed will really be able to do to get inflation back under control at a price the economy can bear. https://t.co/maUidrMW5N — Michael S. Derby (@michaelsderby) March 14, 2022
Foxconn hasn't said how long the shutdown will last, but the government in Shenzhen has said that the closure for non-essential businesses will last at least through March 20. Shares of Hon Hai (the Chinese name for the company known Foxconn)for iPhones, closed 1% lower on Monday in Taipei.
Charles Shum, an analyst for Bloomberg Intelligence, said the move by Foxconn might not impact Apple's main supply chain for assembling smartphones.
Hon Hai’s suspension of iPhone production in Shenzhen due to Covid-19 lockdowns may not affect Apple’s smartphone supply chain. Its main production hub in Zhengzhou hasn’t yet been affected by China’s latest virus resurgence and could help offset lost capacity. Lower seasonal demand may also provide a buffer to catch up on output. Hon Hai assembled 70% of the world’s iPhones in 4Q, IDC data shows.
Presently, Foxconn produces the majority of its iPhones at a plant in the central Chinese city of Zhengzhou, which has earned it the nickname "iPhone City."
Meanwhile, back in Shenzhen, there are other reasons to worry about supply chain disruptions. The city is also home to one of the world's largest container ports. Any disruption there could have a serious impact on global supply chain. Meanwhile, during a similar lockdown last summer, the Yantian port in Shenzhen was forced to shut down for nearly a week due to infections among its workers. This caused a massive backlog of goods that took months to finally clear. It also caused a spike in global freight rates.
Elsewhere in China, Volkswagen has suspended manufacturing at three of its plants in the country due to a lockdown in the city of Changchun.
So when do we lock down again? I’m thinking 60 days before the mid terms.
I do not for one minute these shutdowns have anything to do with covid. They seem highly suspicious as if the CHICOMS are intentionally trying to engage in economic warfare.
They would sacrifice a million people in a blink if it was in the best interests of the party.
I have a coworker in Shanghai currently in a lockdown.A single person got a mild version of covid. The authorities locked down her entire apartment building. The lockdown has spread to several areas around the city and now our factory is locked down for at least 2 weeks.
She commented that the CCP believes it is mightier than covid but covid keeps showing the people they are not. When the people blow, it won’t be pretty.
2022 is 2020 part 2
iphone. And just yesterday Apple lectured us that Texas should allow child abuse by stopping their laws against K-3 perverted sex indoctrination.
And I think Texas? is making it illegal for doctors to perform takeadickfromhim operations on little 8-year-old boys.
Remember they were welding doors shut in Wuhan, sentencing people to die. Thats who they are.
Posted to another thread. Worthwhile posting it here as well. I think your observation very correct.
--- "More Chinese Cities in Lockdown as COVID-19 Outbreak Spreads"
It is likely that Communist China wants the West to again lockdown their economies, by playing the "monkey see, monkey do" game. It worked the last time, after all. Economic warfare via imagery and media amplification.
Until Communist China reports similar mortality results -- 0.29 % mortality rate in the US after 26 months -- and therefore about 406,000,000 Covid deaths in a population of about 1.4 billion, their data cannot be anything but bogus. And their "media" imagery all about stoking hysteria. In the West.
The proponents of the pandemic expect people to be innumerate. And many are.
The latest "data" from Johns Hopkins University's Coronavirus Resource Center says China has "8,629" deaths. Not 406,000,000.
Source: https://coronavirus.jhu.edu/region/china
We're been played. We're being played again. So?
Lockdown! Lockdown! Lockdown! Lockdown! Test! Test! Test!
After all, how can we know we're sick if we don't consult the Commmies?
--- "...as if the CHICOMS are intentionally trying to engage in economic warfare."
That is a bigly commentary, all right!
RE: 2022 is 2020 part 2
Well, 2022 is pronounced, 2020 TOO.
:)
Apple/FoxConn news...
that should be enough time to push the mail in votes.
Awwww....did their Sinovac shots not work so well, either?
Geez.....who was it that warned us, nearly TWO years ago, that you do NOT lock down, nor attempt to “vax” your way out of a pandemic??
Oh, that’s right....REAL and honest docs, like Zelenko, Lee Merritt, Judy Mikovits, etc.
This is on FRAUDci and his CCP cohorts.
Where is FRAUDci, btw?
I trust my gut on these things. Their stated rational and facts of these lockdowns just do not pass the smell test. Combine these with some of the bogus shutdowns due to energy and flooding and electricity and the only rational thing to conclude is they are screwing with us. Maybe they want more people in the US demanding socialism to bail themselves out of lockdown financial pressures, the Chicoms hoping that becomes a permanent thing, which would weaken us.
If you missed it, WarRoom had a couple segments on lockdown—also had Naomi Wolfe on and Bannon commented that Fauci et. al have been MIA from the endless fawning media engagements...
But as at least one reporter noted on Twitter in response to the news, the shutdown risks creating a supply shock “on top of a supply shock” and leaving the Fed with little to no room to actually get inflation under control.
Supply shock on top of supply shock really does raise the question if there’s anything the Fed will really be able to do to get inflation back under control at a price the economy can bear. https://t.co/maUidrMW5N — Michael S. Derby (@michaelsderby) March 14, 2022
They have tucked him away now that wwiii will be the cover used to kill tens of millions of whites/europeans.
I think “trusting your gut” is exactly the correct thing. Best wishes.
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