March 24, 2022 – China’s zero-COVID policy is continuing to have a substantial impact on the production efforts of key manufacturers in the general electronics and automotive part industries.
This policy has forced shutdowns in the critical manufacturing hubs of Shenzhen and Changchun. On top of an already strained global supply chain, massive delays are happening in the manufacturing and development of electronics parts from iPhones to automobiles.
Shenzhen is a major technology hub and home to companies like United Microelectronics Corp (UMC), Samsung, Foxconn (one of Apple’s top iPhone manufacturers), and more. Changchun, on the other hand, is home to some of the world’s largest auto manufacturing facilities, including Volkswagen, Toyota, & China’s own FAW Group. Operations at factories in both cities have been put on hold until local authorities lift the COVID-19 lockdown.
Major Suppliers impacted by the Lockdowns
- Tencent
- Huawei Technologies
- Foxconn
- BYD
- Volkswagen
- Toyota