Covid surges through China, again
😷 Covid surges through China, again.
Supply chain managers globally are likely thinking that it’s the “same old song and dance”. The world’s largest manufacturing economy is under siege as some of the tightest Covid restrictions are lifted in China. It’s predicted that up to 800 million Chinese people could become infected with Covid in Q1. It’s also suspected that the Chinese government is underreporting hospital admissions and deaths from the disease, so some speculate that those numbers are much higher. Could the new wave of Covid infections send the supply chain back spiraling, again?
The COVID-19 pandemic has shifted perceptions around doomsday prepping, once considered the realm of conspiracy theorists.
Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.
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Amazon.com Inc. is doubling down on its fast-delivery capabilities for its Prime service following a temporary slowdown during the pandemic.
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Since implementing COVID restrictions and subsequently reopening its economy, China has been striving to generate positive momentum.
The COVID-19 pandemic led many companies to reevaluate their supply chains, which relied heavily on China, and look for alternatives such as India, which offers low-cost production.
In 2020, the coronavirus swept the world and had a detrimental impact on the economy.
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China’s “zero-covid” policies created massive lockdowns that softened the container delays and port congestion issues over the past few years.
The head of Conagra Brands Inc., CEO Sean Connolly, is speaking up about the growth of the frozen food industry.
With the Chinese New Year holiday around the corner, Chinese factories are struggling to keep their factories staffed while employees fall ill with Covid.
Supply chain managers globally are likely thinking that it’s the “same old song and dance”.
The growing public protest forced China and President Xi Jinping to pull back on the forced quarantines and factory lockdowns, but it remains to be seen if it’s too little too late for China’s global supply chain.
Scott Gottlieb spoke on CNBC’s ‘Closing Bell: Overtime’ in response to the latest Covid rules laid out by the United States federal government.
India, Vietnam, Thailand, Malaysia, and Bangladesh are all scrambling to replace China’s top spot as the manufacturing capital of the world after strict Covid-19 policies are sending global companies whirling.
According to the American Trucking Association, the estimated professional driver shortage has decreased to 78,000 as of October as compared to the number of 80,000 in 2021.
The aviation value chain refers to the various stages and activities that are involved in the production, distribution, and utilization of aviation-related goods and services.
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The variant of COVID-19 that was said to destroy the Christmas season for retailers in 2021 is now in the backseat as the latest wave of strikes hit the United Kingdom’s rail network.
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After several large protests and calls for President Xi Jinping to resign, Beijing has eased some of its anti-COVID measures.
While there have been many critics of China’s zero-Covid policy, it’s clear that the country’s flight activity is very indicative of the economic toll these policies are taking.
The possibility of a public health crisis seems to be fueling the doubling-down of strict Covid lockdowns within the country.
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