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  • China’s new Covid surge is crippling the world’s most important factories and biggest ports

    01/09/2023 7:30:44 AM PST · by EBH · 28 replies
    CNBC ^ | 1/5/22
    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...