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Home / In the News / Apple’s business under growing threat from China’s Covid wave

Home / Apple’s business under growing threat from China’s Covid wave

RESILINC BLOGS
Financial-Times

Apple’s business under growing threat from China’s Covid wave

Dec 25, 2022
< 1 MIN READ

Financial Times

Apple’s business is under threat from a widespread coronavirus outbreak in China, with supply chain experts warning of a growing risk of months-long disruption to the production of iPhones.

The US tech giant has had to contend with more than a month of chaos at its main assembler Foxconn’s megafactory in Zhengzhou, China, known as “iPhone City”, following a Covid-19 outbreak that started in October.

Foxconn has moved some of its production to other factories across China, while Apple has worked with components suppliers to alleviate unusually long wait times — about 23 days for customers buying high-end iPhones in the US, according to research by Swiss bank UBS.

As the Chinese government reverses its zero-Covid policy, a longer-lasting risk now looms: the potential of worker shortages at component plants or assembly factories across the country.

Click to read the full Financial Times article>>

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Discover how the latest China COVID-19 crisis can derail your supply chain

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