China’s power crisis is expected to further disrupt supply chains bringing longer lead times and a preference for high-value goods.
Last month, factories across Guangdong’s Pearl River Delta manufacturing heartland and nine other provinces were forced to cut output due to government-imposed energy caps.
According to Jacky Yan, founder and CEO of Chengdu-based New Silk Road Intermodal, the power cuts have already had a “big impact” on manufacturing, combining with the usual …
The post No end in sight for China power crisis as pressure grows on supply chains appeared first on The Loadstar.
Source: The Loadstar
Be the first to comment on "No end in sight for China power crisis as pressure grows on supply chains"