(From the article): "(T)he surge in Covid-19 cases in China is impacting the completion of manufacturing orders, according to CNBC Supply Chain Heat Map data.
Logistics managers are warning clients that because of the spike in infections, factories are unable to complete orders
— even with U.S. manufacturing orders from China already down 40% due to an unrelenting demand collapse.
Orders for ocean bookings continue to be softer according to SONAR Data. "
“With 1/2 or even 3/4 [of the] labor force being infected and not able to work, many China manufacturers can not operate properly but produce less than their optimal outputs,”
Hong Kong-based shipping firm HLS wrote in a note to clients.
“The container pickup, loading, and drayage (trucking) are also affected as all businesses are facing the impacts of COVID.
We expect a very soft volume after the Lunar New Year because a lot of factories have slowed production due to the increasing infection,
and have to cancel or delay the bookings for the 2nd half of January and also early February.”
"HLS also noted that “All indications that the Chinese cities are experiencing infection peaks is based on the surge of infected family members,
friends, and colleagues, the long lines at the fever clinics at hospitals across the country.”
Three major ports across China are experiencing supply chain delivery problems because of Covid, according to the note.
Are they getting really ill or are they just preventing from working while testing positive?
It is not clear.
Hi.
After these two years I wonder if the Chicoms are trying to cull their population. And ours.
Has Xi had the Rona yet?
5.56mm