As Chinese officials scramble to contain the country’s worst outbreak of Covid-19 since early 2020, they are imposing lock downs and restrictions that are adding chaos to global supply chains.
One-third of global manufacturing is disrupting the production of finished goods like Toyota and Volkswagen cars and Apple’s iPhones, as well as components such as circuit boards and computer cables.
In China, trucks are being delayed by the testing of drivers. Container rates are rising as ships wait for many hours at ports. Products are piling up in warehouses.
Because several of China’s largest industrial cities are now fighting outbreaks, such measures are taking a toll on the factory and transportation networks that are the backbone of China’s manufacturing and the global economy.
China has a zero-tolerance approach to covid outbreaks that calls for lockdowns as well as mass testing and quarantine in government facilities.
Officials in Beijing and an ever-lengthening list of cities and provinces say that the virus is still spreading and that the government must take ever-tougher measures to stop it.
“The business risk in China now is higher than at any time since late spring 2020,” said Julian MacCormac, chairman of the British Chamber of Commerce in China.
At least five large factory cities have completely shut down because of the coronavirus. The list of companies announcing production halts because of lockdowns has grown.
Toyota and Volkswagen stopped their assembly plants and other factories in Changchun. A printed circuit board maker, Unimicron Technology, in Shenzhen. Global Lighting Technologies, a light-emitting diode, or LED, maker, in Shanghai.
Already in America “dead” cars are vehicles that have rolled off the assembly line, otherwise ready for sale, sitting in fields or on lots near the factories that produced them, just waiting for chips.
Many models of cars are now being sold without certain chips and dealers are told to tell customers the chips will be replaced within a year.
Luke 21:9 But when ye shall hear of wars and commotions, be not terrified: for these things must first come to pass; but the end is not by and by.
Luke 21:11 And great earthquakes shall be in divers places, and famines, and diseases; and fearful sights and great signs shall there be from heaven.
Luke 21:25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring;
Luke 21:28 And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh
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