Apple assembler Foxconn said it faces logistics disruptions and other challenges in China stemming from the Chinese Communist Party’s stringent COVID-19 measures.
Yang Jie for The Wall Street Journal:
Most of Foxconn’s factories in China have been running under a bubble-like system, said Chairman Young Liu on Thursday. The Taiwan-based contract manufacturer has relied on its supply-chain management expertise to keep production going even during Covid outbreaks, he said.
Apple Inc., Foxconn’s biggest customer, said last month that the Covid outbreaks in China threaten to hinder sales by as much as $8 billion in the current quarter. Chief Executive Tim Cook said Apple’s supply constraints mainly stemmed from Shanghai, much of which has been under a lockdown for more than a month, and the nearby regions, where logistics have been disrupted.
Foxconn runs Apple’s biggest iPhone production site, located in China’s central Henan province. There, Foxconn has been following a closed-loop system to keep tens of thousands of workers and other staff in or around the factory, a system that has become the standard among manufacturers in China to continue manufacturing during Covid outbreaks.
MacDailyNews Take: As Einstein, or whoever, said, “Insanity is doing the same thing over and over and expecting different results.”
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[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
They should move their production/assembling plants to other countries asap. Vietnam/india/mexico.
Over reliance on China is coming home to roost. Tim Cook has been called a supply chain genius. The reality is that he’s a one trick pony with an overly compliant Board of Directors. Please explain the value added by Al Gore, for example.
For legal reasons I want to make it clear that these are just my opinions; gleaned from reading historical records concerning this person; you can check them out for yourself to confirm their veracity. Here goes:
Al Gore; the recipient of illegal China funds during the Clinton / Gore elections. They pulled it off by staging fake Buddhist monks events with Gore as speaker. Then, miraculously, huge “donations” flowed into the campaign. Who’d have thought—there were rich Buddhist monks roaming the world just eager to give megabucks to American crooked politicians.
How in Hell did Gore worm his way onto the Apple board? He has likely gained billions$ in the process and contributed nothing to Apple. He also has been a major owner of Occidental Petroleum stock for 40 years because his father, Senator Gore Sr., was an operative of the founder, Armand Hammer who also greased trade deals with the USSR during the 1930s-1970s thanks to the senior Gore.
BTW, Al junior lived in a penthouse hotel suite in Washington DC while growing up. He also “served” in the US Army as a fake reporter thanks to preferential arrangements his father pulled off for him to look good later on. Al Jr. also was kicked out of divinity school (college) for bad behavior. IMHO, just another Ted Kennedy—a bum.
Al Whore – a gory story.
Bring on the heartburn for Commie-loving Cook.