CHINA ELECTRIC SUPPLY CRISIS THREATEN THE GLOBAL SUPPLY CHAIN

The factory in the world's largest exporting country, especially a supplier of major technology firms in northeast China, is worried about breaking the supply chain at the end of the year due to severe power shortages.

According to Bloomberg news, this disruption comes as manufacturers and carriers race against time to meet demand for everything from clothes to children's toys, amid the buying season. Year-end shopping is offered. The global supply chain is already upended by a host of problems, from soaring raw material prices, prolonged congestion at seaports, to a lack of empty containers to store goods.

“THIS IS DEFINITELY A MASSIVE MESSAGE”

Chinese manufacturers warn that strict measures to cut electricity consumption will lead to a decline in manufacturing output in leading localities in this field such as Jiangsu (Jiangsu), Zhejiang (Zhejiang) and Guangdong (Guangdong) - three provinces together account for about a third of China's gross domestic product (GDP). Falling output of goods can push prices up.

Local governments in China are requesting power outages to achieve their goals of reducing energy consumption and emissions. However, some localities suffer from real power shortages.

The power outage follows a recent disruption at Chinese ports, which has had widespread effects throughout the entire global supply chain. Part of the port of Ningbo-Zhou San (Ningbo-Zhou San) had to be closed for several weeks in August due to the Covid outbreak, after the Yantai port in Shenzhen (Shenzhen) had to close in May for the same reason.

Related News

Develop dry ports, optimize import and export transportation

The Prime Minister has just approved the master plan on development of the inland port system for the period of 2021 - 2030, with a vision to 2050

Da Nang welcomes a container train bringing goods from the Central region straight to the United States

With a direct journey from Tien Sa port to Long Beach port, the WanHai 362 container train significantly shortens the cargo transport time from Da Nang - United States.

POLA and POLB (USA) continue to decline in volume of goods

Cargo throughput in July for the Port of Los Angeles (POLA) and the Port of Long Beach (POLB) both declined, according to recent reports by each port.

Related News

Glotrans attended the 2024 New Year Meeting of Tay Ninh Young Businessmen Association

On the occasion of Spring the Year of Dragon 2024, Glotrans is pleased to attend the New Year Meeting program organized by Tay Ninh Young Businessmen Association on March 9, 2024.

Glotrans celebrated International Women's Day March 8 at all offices

On the occasion of International Women's Day March 8, Glotrans organized meaningful activities to honor and appreciate the great contributions of women in the company.

GLOTRANS CONGRATS ON INTERNATIONAL WOMEN'S DAY 8/3

Like vibrant flowers blooming in springtime, women bring to life a myriad of colors and delicate fragrances. On the occasion of International Women's Day 8/3, Glotrans would like to send our warmest greetings to all women.