Lockdowns in major Chinese cities have affected the operations of Taiwanese companies there, which could weigh on export orders in the coming months, reports Taipei Times.
The Chinese government’s rigorous “zero” policy to curb the spread Covid in major hubs such as Shanghai has almost paralysed global industrial supply chains, ranging from auto parts to electronics components and consumer products, Taipei Times says.
“Shanghai’s lockdown and its consequences are only a manifestation of global supply chain problems. The COVID-19 pandemic has exposed a major flaw of globalization: that it is risky for dozens of countries to concentrate production in a single nation.”
An American Chamber of Commerce survey this month showed that 82 percent of US businesses in China said they had slowed or reduced production due to a lack of workers and supplies amid the lockdowns, while 86 percent said supply chain disruptions had affected their operations.
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