Chinese manufacturing heavily impacted by coronavirus outbreak

Posted on Monday, Feb 10 2020 @ 10:41 CET by Thomas De Maesschalck
A new DigiTimes report reveals Chinese production resumed at a very low rate after the extended Lunar New Year break. The site says many component factories have delayed the resumption of work to February 25, and that under 20 percent of Chinese workers have returned to work after the holiday break.
Less than 20% of employees expected to return to work in China: Less than 20% of Chinese factory employees would return to work after an extended Lunar New Year break due to the coronavirus outbreak, and many components plants in China have decided not to restart production until February 25 despite being allowed to resume operations on February 10, according to supply chain sources.
Based on these reports, it seems we're in for shortages of components and end-products.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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