China port curbs to worsen supply of key components to India, others
August 19 , 2021
Source: Economic Times
The ongoing partial lockdown of the world’s third busiest port in China, and that country’s new rules for quarantining ships with Covid-positive crew members, are further disrupting the supply of critical machine parts to Indian makers of electronic goods and smartphones.
Executives at some of these companies said the disruptions and additional costs may make new models costlier. The automotive industry, struggling with supply chain disruptions, will also be impacted if this problem continues, said industry experts.
One terminal at Ningbo-Zhoushan (NZ) has been closed for a week after a port employee tested Covid positive last Wednesday. It has aggravated fears of trade disruptions in this region.
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