best casino sites 0

Share

Shanghai Lockdown Reignites Supply-Chain Problems for U.S. Companies

Apple, GE and Estée Lauder are among the disrupted businesses; some warn of effects extending into summer

Every day, millions of sailors, truck drivers, longshoremen, warehouse workers and delivery drivers keep mountains of goods moving into stores and best casino sites 0s to meet consumers’ increasing expectations of convenience. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. Photo illustration: Adele Morgan

Some U.S. companies are warning that Covid-19 lockdowns in Shanghai and elsewhere in China are denting sales, disrupting operations and putting added strain on supply chains that could be felt well into the summer.

Apple said it could take a sales hit of as much as $8 billion in its current quarter, primarily because of the Shanghai lockdowns. Industrial giant Honeywell International said the Covid measures had curbed production at half of its Chinese plants. J.B. Hunt Transport Services said the freight carrier’s customers are worried about deliveries scheduled for July.

To Read the Full Story

Continue reading your article with
a WSJ membership