ADVERTISEMENT
Daily Expert News
No Result
View All Result
Monday, March 27, 2023
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
ADVERTISEMENT
Home World Asia Pacific

Lockdowns in China Block truck shipments and close factories

by Nick Erickson
April 8, 2022
in Asia Pacific
Reading Time: 4 mins read
132 1
0
Lockdowns in China Block truck shipments and close factories
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


BEIJING — China’s increasing Covid-19 restrictions are causing further disruptions to global supply chains for consumer electronics, auto parts and other goods.

A growing number of Chinese cities are requiring truck drivers to undergo daily Covid PCR tests before being allowed to cross municipal boundaries, or quarantine drivers believed to be at risk of infection. The measures have limited how quickly drivers can move parts between factories and goods from factories to ports.

Shanghai and other major Chinese cities have imposed lengthy, strict lockdowns to try to contain the Covid outbreaks. Previous interruptions in the supply of goods from Chinese factories to buyers around the world were mainly related to the temporary closure of shipping ports, including in Shenzhen in southeastern China in May and June last year and then near Shanghai last summer. .

“The problem isn’t the ships, it’s that there’s no freight coming because there are no trucks,” said Jarrod Ward, director of business development for East Asia in the Shanghai office of Yusen Logistics, a major Japanese supply chain management company.

Truck driver testing has ceased as some cities conduct mass testing of residents. Shanghai essentially tested all 25 million people within its borders in one day on Monday and discovered a further 21,000 cases on Thursday.

Now there is a dire shortage of truck drivers in Shanghai and in nearby cities such as Kunshan, a center of electronics manufacturing. Many electronic component manufacturers are closing their doors in Kunshan.

“Apple and Tesla’s major electronics suppliers are all located there,” said Julie Gerdeman, the chief executive of Everstream, a supply chain risk management subsidiary of DHL based in San Marcos, California.

Apple declined to comment and Tesla had no immediate response to questions.

Many factories have tried to stay open by allowing workers to stay on site rather than go home. In some cities in northeast China, workers have been sleeping on mats on the floor for four weeks. Companies have stored goods in nearby warehouses while waiting for normal truck traffic to resume.

But as lockdowns extend to cities like Shanghai, Changchun and Shenyang, factories are running out of materials to assemble. Some are sending their employees home until further notice.

Different springs, bolts and other materials are needed to make car seats, for example. Mr Ward said that car seat manufacturers have run out of parts. Volkswagen said the company has closed a factory outside Shanghai.

The war between Russia and Ukraine and the world economy


Map 1 of 6

Deficiencies in essential metals. The price of palladium, which is used in car and cell phone exhaust systems, has surged amid fears that Russia, the world’s largest exporter of the metal, could be cut off from global markets. The price of nickel, another important Russian export, has also risen.

Financial turmoil. Global banks are bracing for the fallout from sanctions designed to limit Russia’s access to foreign capital and limit its ability to process payments in dollars, euros and other currencies critical to trade. Banks are also on the lookout for retaliatory cyber attacks by Russia.

As Shanghai’s case count mounts, electronics manufacturing’s main rival, Shenzhen, has come out of lockdown. That is liberating workers and factories there to resume production at full speed.

Retailers and manufacturers in the West have tried to adapt to past supply chain problems in China by switching from ships to air freight, but air freight rates have more than doubled from last year.

The near-total suspension of passenger flights to and from Shanghai has roughly halved air cargo capacity there, said Zvi Schreiber, the CEO of Freightos, a freight booking platform. The war in Ukraine has forced many airlines to schedule longer flights around Russia and Ukraine, meaning each plane can make fewer trips in a week and often carry less weight on each flight.

The war in Ukraine is also beginning to hurt the availability of Soviet-era Antonov cargo ships, Mr Schreiber said. These workhorses of the air freight industry have been maintained almost entirely in recent years by Ukrainian maintenance bases that are now closed.

For businesses, additional disruptions to the global supply chain would come at a particularly fraught time, on top of rising raw material and shipping prices, along with longer delivery times and staff shortages.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Tags: blockChinacloseDailyExpertNewsfactorieslockdownsshipmentstruck

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

Asia Pacific

The ‘Golden Gays’ return to the stage in the Philippines

January 4, 2023
Your briefing on Thursday: Russia blames its dead soldiers
Asia Pacific

Your briefing on Thursday: Russia blames its dead soldiers

January 4, 2023
Is Kim Jong-un's 'beloved daughter' the next leader of North Korea?
Asia Pacific

Is Kim Jong-un’s ‘beloved daughter’ the next leader of North Korea?

January 4, 2023
Your Wednesday Brief: Chaos in the US House Speaker Race
Asia Pacific

Your Wednesday Brief: Chaos in the US House Speaker Race

January 3, 2023
China denounces Covid testing rules imposed on its travelers
Asia Pacific

China denounces Covid testing rules imposed on its travelers

January 3, 2023
Japanese entrepreneurs can't find successors This man is giving his way.
Asia Pacific

Japanese entrepreneurs can’t find successors This man is giving his way.

January 3, 2023
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
NDTV News

TGIF Mood: Video of Bear Cub Dancing in the Forest Melts 2.5 Million Hearts

June 3, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
The shock of chopping up a Chanel bag

The shock of chopping up a Chanel bag

1
NDTV News

Watch: Researchers Discover the World’s Largest Factory in Australia

1
Skyrocketing global fuel prices threaten livelihoods and social stability

Skyrocketing global fuel prices threaten livelihoods and social stability

1
No Guns, No Dragons: Her Video Games Capture Private Moments

No Guns, No Dragons: Her Video Games Capture Private Moments

1
Tamil Nadu SSLC Admission Card 2023 Released on dge.tn.gov.in, Class 10 Exams from April 6

Tamil Nadu SSLC Admission Card 2023 Released on dge.tn.gov.in, Class 10 Exams from April 6

March 27, 2023
Exemptions under new tax regime 2023-24

Income Tax: Individuals do not have to pay income tax up to this amount; Details here

March 27, 2023
HAL shares trade lower after going ex-dividend; Key details investors need to know

Rekha Jhunjhunwala Portfolio: Analysts See 24% Rise in this Insurance Stock; Details

March 27, 2023
Ransomware attack to hurt sales at Sun Pharmaceutical

Ransomware attack to hurt sales at Sun Pharmaceutical

March 27, 2023
ADVERTISEMENT

Recent News

Tamil Nadu SSLC Admission Card 2023 Released on dge.tn.gov.in, Class 10 Exams from April 6

Tamil Nadu SSLC Admission Card 2023 Released on dge.tn.gov.in, Class 10 Exams from April 6

March 27, 2023
Exemptions under new tax regime 2023-24

Income Tax: Individuals do not have to pay income tax up to this amount; Details here

March 27, 2023

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Arts & Culture
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Entertainment
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2023

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2023

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?