Also, foreign businesses today are looking for opportunities to get their supply chains out of China, rather than into it.
At some point, their system is going to have to re-value things back to reality, and that is going to be a pretty massive re-valuation.
MAYBE, just MAYBE, this will be the catalyst that severs our DEPENDENCY with Chinas CHEAPY and CREEPY CRAP.
Short Walmart.
ymmv.
Wish we could hack the chicomm grid and spread this message: the only cure for Corona virus is in the boiled blood of the the chicomm
The American Chamber of Commerce in Shanghai has just conducted a survey of member companies with manufacturing operations in Shanghai, Suzhou, Nanjing and the wider Yangtze River Delta. The survey was in the field from February 11-14 with 109 members responding.
The purpose of the survey is to provide a clear picture of the operating environment as companies begin to re-open. In addition, AmCham was seeking to provide helpful feedback to the local and provincial government on the re-opening process.
Survey Highlights
48% of companies report their global operations are already impacted by the shutdown
78% of companies do not have sufficient staff to run a full production line
41% of companies say a lack of staff is their biggest challenge in the next 2-4 weeks; 30% of companies say logistics issues will be their biggest concern
Over the next few months, 58% of companies expect demand for their output to be lower than normal
38% of companies do not have sufficient masks/other supplies to protect their staff from coronavirus infection
35% of companies ranked a clearer explanation of requirements as the most important thing government officials could do to speed up factory opening approvals