Pandemic Impacts on China's Manufacturing and The Global Supply Chains

China’s Covid-19 emergency has thrown the manufacturing industry and the global supply chains into utter chaos as rising infections have severely slowed down production and triggered a logistics crisis. Additionally, the global rare earth metals market has taken a hit as disrupted production has caused price spikes for critical commodities like terbium, yttrium, and neodymium. Furthermore, the semiconductor industry is also at great risk, with chip production declining due to the huge spike in Covid cases, coupled with weak demand, and US trade sanctions. Organizations are being advised to stock up on inventory to avoid further impacts of the Chinese New Year.