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As the world's largest consumer of raw materials, China's commodity industry is in chaos, because the coronavirus has brought the most serious demand shock since the global financial crisis.
The United States, Vietnam: Some industries will be significantly affected, and the purchase of raw materials will be blocked.
1.
The United States, Vietnam: Some industries will be significantly affected, and the purchase of raw materials will be blocked.
According to " The Capitol Hill reported that while public health officials around the world are striving to control the spread of the virus, US companies are also affected on a large scale.
In particular, industries that rely on Chinese parts may face prolonged quarantine.
These products that will be affected are computers, electronic products, furniture, household appliances, and medical equipment.
Vietnam: Take Kaiser Furniture from Taiwan Province as an example.
Since 2004, it has taken root in Binh Duong Province, a major furniture town in Vietnam, and 95% of its furniture is finally sold to the United States.
Although its wood comes from North America, many special fabrics and leathers have to be imported from China.
China is an important trading partner of Vietnam.
Although Vietnam's furniture industry has a large scale, many parts still rely on imports from China.
Now Vietnam is unable to purchase these key components due to the epidemic, which means that production is blocked.
For other manufacturers, although they have not yet felt the pressure of Kaisheng Furniture, they have also made it clear that they are concerned about this situation.
2.
Cambodia: The delivery of clothing, yarn, buttons and soles will be extended.
2.
Cambodia: The delivery of clothing, yarn, buttons and soles will be extended.
According to foreign media reports: Cambodian Ministry of Labour Monday (February 10) Said that the epidemic caused delays in the supply of raw materials from China, and at least four textile factories in Cambodia may have to suspend operations.
Cambodia’s Ministry of Labour spokesman Hensol said that deliveries of clothing, yarn, buttons and shoe soles will be extended.
Cambodia’s Ministry of Labour spokesman Hensol said that deliveries of clothing, yarn, buttons and shoe soles will be extended.
Hensol told reporters: "If in the second week of March, the factories still don't know when they can get raw materials from China, they may stop working for 2-3 weeks.
"In addition, the four factories have expressed their concerns to the government.
In total, these four factories employ approximately 3,000 employees.
Some global clothing and footwear brands, including Adidas, Puma and Levi’s, wrote to Cambodian leader Hun Sen, pointing out that Cambodia’s labor and human rights record may lead to sanctions for its garment industry.
The Ministry of Health of Cambodia pointed out that the only case of novel coronavirus infection found in Cambodia was a Chinese national who has recovered and discharged from hospital.
3.
India: If China's raw material exports continue to be interrupted, shoe giants may cause business losses of 5% to 10%.
3.
India: If China's raw material exports continue to be interrupted, shoe giants may cause business losses of 5% to 10%.
According to Taiwanese media Report: As the Chinese shoe factories have not yet started operations, the Indian shoe industry has been hit.
Harkirat Singh, the general manager of Woodland, a shoe manufacturer in India, said that 10% of Woodland's shoes and special shoe materials come from China, and it is now also interrupted by the impact of the epidemic.
If China's raw material exports continue Interruption may cause business losses of 5% to 10% to Woodland.
Singh pointed out that Woodland is working hard to transfer orders made in China to other places, but this will take time.
India’s auto industry has also been impacted and the supply of components has been disrupted.
Chaba, the president of MG Motor India, said that China is taking a long holiday.
It is not yet known how the interruption of supply will affect the business.
However, if the supply continues to be interrupted, it will be The Indian auto industry will have a great impact.
All the affected industries are looking forward to China's full resumption of work, which can alleviate the problem of supply interruptions.
75em; text-indent: 2em; font-family: ; font-size: 16px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">The epidemic caused delays in the supply of raw materials from China, and foreigners were "ran out of food"
75em; text-indent: 2em; font-family: ; font-size: 16px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">The epidemic caused delays in the supply of raw materials from China, and foreigners were "ran out of food"
75em; text-indent: 2em; font-family: ; font-size: 16px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">The epidemic caused delays in the supply of raw materials from China, and foreigners were "ran out of food"
75em; text-indent: 2em; font-family: ; font-size: 16px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">The epidemic caused delays in the supply of raw materials from China, and foreigners were "ran out of food"
75em; text-indent: 2em; font-family: ; font-size: 16px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">The epidemic caused delays in the supply of raw materials from China, and foreigners were "ran out of food"
75em; text-indent: 2em; font-family: ; font-size: 16px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">The epidemic caused delays in the supply of raw materials from China, and foreigners were "ran out of food"
75em; text-indent: 2em; font-family: ; font-size: 16px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">The epidemic caused delays in the supply of raw materials from China, and foreigners were "ran out of food"
75em; text-indent: 2em; font-family: ; font-size: 16px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">The epidemic caused delays in the supply of raw materials from China, and foreigners were "ran out of food"
75em; text-indent: 2em; font-family: ; font-size: 16px; box-sizing: border-box; -webkit-tap-highlight-color: rgba(0, 0, 0, 0);">The epidemic caused delays in the supply of raw materials from China, and foreigners were "ran out of food"
The epidemic has caused delays in the supply of raw materials from China, and foreigners are "out of food" 1.The United States, Vietnam: Some industries will be significantly affected, and the purchase of raw materials will be blocked.
1.
The United States, Vietnam: Some industries will be significantly affected, and the purchase of raw materials will be blocked.
According to " The Capitol Hill reported that while public health officials around the world are striving to control the spread of the virus, US companies are also affected on a large scale.
In particular, industries that rely on Chinese parts may face prolonged quarantine.
These products that will be affected are computers, electronic products, furniture, household appliances, and medical equipment.
Vietnam: Take Kaiser Furniture from Taiwan Province as an example.
Since 2004, it has taken root in Binh Duong Province, a major furniture town in Vietnam, and 95% of its furniture is finally sold to the United States.
Although its wood comes from North America, many special fabrics and leathers have to be imported from China.
China is an important trading partner of Vietnam.
Although Vietnam's furniture industry has a large scale, many parts still rely on imports from China.
Now Vietnam is unable to purchase these key components due to the epidemic, which means that production is blocked.
For other manufacturers, although they have not yet felt the pressure of Kaisheng Furniture, they have also made it clear that they are concerned about this situation.
2.
Cambodia: The delivery of clothing, yarn, buttons and soles will be extended.
2.
Cambodia: The delivery of clothing, yarn, buttons and soles will be extended.
According to foreign media reports: Cambodian Ministry of Labour Monday (February 10) Said that the epidemic caused delays in the supply of raw materials from China, and at least four textile factories in Cambodia may have to suspend operations.
Cambodia’s Ministry of Labour spokesman Hensol said that deliveries of clothing, yarn, buttons and shoe soles will be extended.
Cambodia’s Ministry of Labour spokesman Hensol said that deliveries of clothing, yarn, buttons and shoe soles will be extended.
Hensol told reporters: "If in the second week of March, the factories still don't know when they can get raw materials from China, they may stop working for 2-3 weeks.
"In addition, the four factories have expressed their concerns to the government.
In total, these four factories employ approximately 3,000 employees.
Some global clothing and footwear brands, including Adidas, Puma and Levi’s, wrote to Cambodian leader Hun Sen, pointing out that Cambodia’s labor and human rights record may lead to sanctions for its garment industry.
The Ministry of Health of Cambodia pointed out that the only case of novel coronavirus infection found in Cambodia was a Chinese national who has recovered and discharged from hospital.
3.
India: If China's raw material exports continue to be interrupted, shoe giants may cause business losses of 5% to 10%.
3.
India: If China's raw material exports continue to be interrupted, shoe giants may cause business losses of 5% to 10%.
According to Taiwanese media Report: As the Chinese shoe factories have not yet started operations, the Indian shoe industry has been hit.
Harkirat Singh, the general manager of Woodland, a shoe manufacturer in India, said that 10% of Woodland's shoes and special shoe materials come from China, and it is now also interrupted by the impact of the epidemic.
If China's raw material exports continue Interruption may cause business losses of 5% to 10% to Woodland.
Singh pointed out that Woodland is working hard to transfer orders made in China to other places, but this will take time.
India’s auto industry has also been impacted and the supply of components has been disrupted.
Chaba, the president of MG Motor India, said that China is taking a long holiday.
It is not yet known how the interruption of supply will affect the business.
However, if the supply continues to be interrupted, it will be The Indian auto industry will have a great impact.
All the affected industries are looking forward to China's full resumption of work, which can alleviate the problem of supply interruptions.
