According to the influence of the domestic epidemic, the chaos of the supply chain continued to deteriorate, and global retailers had to face more complicated situations. According to Windward company Windward, one -fifth of the world’s container ships are waiting near the port, and 30% of the congestion is due to China’s port blockade. Essence
Specifically, the most affected industries are electronic products such as mobile phones and computers, and industries such as automobiles and fashion have also been hit.
China has produced more than one -third of the world’s electronic products: mobile phones are one of the main products purchased by Britain from China. From 2020 to 2021, Britain imported £ 7.3 billion in electronic products. Due to the blockade of the new crown epidemic, several companies that supply components for Apple have to close the factories in Shanghai. Shanghai produces about one -third of China’s computer chips, while the neighboring Jiangsu Province produces about 10%. Due to the surge in demand last year, the industry has occurred. According to the analysis of the investment company Wedbush Securities, as of mid -April, the production of 3 million iPhone has been affected, and it is expected to have a chain reaction to iPad and MacBook.
Chinese official data shows that EU automobile production seriously depends on Chinese components, and most German tires and brake pads are made in China. In recent months, manufacturing areas such as Guangdong, Jilin and Shanghai have been in various blockade.
Like electronic products, automobile production is also hit by the shortage of global chips last year. The industry has to deal with transport delays and backlogs caused by blockade. According to data from a car purchase website, in March, the price of some of the most popular cars in the UK was 26% higher than three years ago.
According to official data, Jiangsu Province, located 250 kilometers north of Shanghai, accounts for more than 12% of Chinese clothing production. Although many factories have maintained business, the transportation problem has affected exports. A spokesman for Primark claimed that he was trying to reduce the interference caused by the blockade of the new crown epidemic. However, according to data from the National Bureau of Statistics of the United Kingdom, as of March 2022, British costumes and shoes prices rose 9.7%.
Analysts said that the impact of the rebound of China’s epidemic on global fashion products, beauty products, groceries, and even toys may last 6 to 12 months.
Post time: May-07-2022