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Half of Apple’s 200 top suppliers — including Pegatron, Compal Electronics — have facilities in and around Shanghai, where COVID-related lockdowns and traffic restrictions “are disrupting a wide swathe of business activities,” according to a Nikkei Asia analysis. More than 70 companies own manufactu
As China Covid curbs squeeze suppliers.
Apple and others deal with China COVID-19 shutdowns
CHINA’S lockdowns to contain the country’s worst Covid outbreak since early 2020 have battered the economy, stalling production in major technology and financial hubs like Shenzhen and Suzhou, and halting spending by millions of people shut in their homes. The restrictions are intended to eradicate any trace of the virus…
China's lockdowns to contain the country's worst covid outbreak since early 2020 have battered the economy, stalling production in major cities like Shanghai, and halting spending by millions of people shut in their homes.