American factories in China are warning that they do not have enough staff to get their production lines fully back online as plants re-open after the extended coronavirus shutdown.
Nearly 80 percent of U.S. businesses in the Shanghai area say they lack the manpower to run at full speed, according to the American Chamber of Commerce in Shanghai. Forty-one percent said their biggest challenge in the next two to four weeks will be a lack of workers. Thirty percent said logistics issues will be their biggest concern.
The lack of staff raising the prospects of disruptions to global supply chains. The economic fallout from the coronavirus could include hits to production in regions, including the U.S., where the virus itself has been scarce but which are dependent on Chinese inputs for goods. China is one of the top three suppliers, alongside Canada and Mexico, of intermediate goods that go into final products produced in the U.S. It is likely the largest supplier of intermediate goods to the U.S. economy counting its exports to third countries that produce final goods sold in the U.S.
Here is what the American Chamber of Commerce’s survey, released Monday, found:
- 48% of companies report their global operations are already impacted by the shutdown
- 78% of companies do not have sufficient staff to run a full production line
- 41% of companies say a lack of staff is their biggest challenge in the next 2-4 weeks; 30% of companies say logistics issues will be their biggest concern
- Over the next few months, 58% of companies expect demand for their output to be lower than normal
- 38% of companies do not have sufficient masks/other supplies to protect their staff from coronavirus infection
- 35% of companies ranked a clearer explanation of requirements as the most important thing government officials could do to speed up factory opening approvals
China’s ruling Communist Party has ordered local officials to begin re-opening businesses and factories. But ongoing quarantine rules will make travel and returning to work difficult for many workers. Others may choose to stay away until there is reliable evidence that the outbreak is contained enough to make returning to work safe.
https://www.breitbart.com/economy/2020/02/17/shanghai-supply-chain-coronavirus/
If they’re “American factories” what the hell are they doing in China?
Good…. go out of business. I hope you lose every penny you invested there.
Actually, I hope the whole global economy crashes, and soon, because a few days of hunger is exactly what’s needed to pry everyone out of their complacency.
It’s likely designed that way, Jolly, and more than a few days of hunger. But never mind telling the criminal psycho elites that (the designers of this hunger, that is…gee you’d think they were characters in the elites in the Hunger Games novel trilogy!) because since they don’t live in the real world they have no clue as to what they will reap as they sow. Hopefully more will be pried out of their complacency than die of hunger. And the global economy will crash because it must crash…there is only so much you can kick the can down the road, as the road only goes so far.
As for “American” factories, why should they care about their workers when all they have to do is replace them with robots…oh wait…who will build the robots? Bwahahahahahahahahahahahahahahah!
Leave it to the criminal psycho elites to screw themselves…