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China’s Lockdowns Worsen Logistics Woes for US Firms – WSJ

Some US companies see a massive decline in revenues this quarter while others see output slashed by half


An entrance to a tunnel leading to the Pudong area amid strict lockdown
A worker in a protective suit walks at an entrance to a tunnel leading to the Pudong area, after restrictions on highway traffic amid the lockdown to contain the spread of Covid-19 in Shanghai. Photo: Reuters.

 

China’s rigid lockdowns to enforce its zero-Covid policy are worsening logistics troubles for US companies and threatening to disrupt businesses, the Wall Street Journal reported.

Companies such as Apple say revenues are likely to decline by up to $8 billion in the second quarter in the wake of strict curbs in Shanghai and other places, while others such as industrial goods maker Honeywell said production at their plants in China is down by half, the report said.

 

Read the full report: The Wall Street Journal.

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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