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.
Annual contracts are being negotiated between shippers and container shipping lines on the trans-Pacific shipping route. ZIM warns if rates are too low, the carrier will stop shipping.
Orient Overseas (International) Limited, the parent company of shipping line OOCL, has announced its full-year business results for 2022, with revenue of 19.82 billion USD and profit before interest and tax (EBIT) of 10,089 billion USD.
In fact, for a long time, Vietnam has been interested in regional planning, not only provinces, but also districts have industrial zone planning... However, the capacity to implement economic clusters is only limited to the idea. ideas, planning, not succeeding in practice.
Following the internal activities of the business, in this March, Glotrans celebrated the birthdays of employees of Glotrans offices throughout the system.
On March 14, 2023, Glotrans Hanoi participated in the talk show "Logistics internship" with students of Faculty of Economics in collaboration with Logistics Club of Hanoi College of Technology.
Bringing in the desire to reach the international level, Glotrans constantly strengthens the building of cooperation relationships with partners around the globe in many different ways. In which, it is impossible not to mention joining the world's leading organizations in transportation, especially becoming a member of WCA.
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