Floods in China disrupt supply chain: report
Massive flooding in China is disrupting the country's supply chain, including the production of food, cars and charcoal, according to a report.
Even though the electricity and transportation infrastructure has been restored in the country, damage from several days of downpours continued on Thursday to cause problems for the production and distribution of goods across the spectrum.
"As Zhengzhou is a national transportation hub, and Henan Province is a major producer of grains, raw materials, and some manufactured products like iPhones, we believe that rainfall and flooding will have an impact. important on business activity and short-term inflation, "Nom analysts wrote.ura, according to Reuters .
Foxconn, the company that produces iPhones for Apple in Zhengzhou, said so far there has been no no " impact on its production tool .
Massive flooding in China is disrupting the country's supply chain, including food production, cars and coal. FeatureChina
"We are monitoring the situation closely and will provide all appropriate updates " the company reportedly said.
But the outlet, citing an anonymous source familiar with the situation, also reported that a small Foxconn factory which produces office connectors in Zhengzhou had equipment damaged during the flooding.
SAIC Motor, China's largest automaker , warned of a slippage directed logistics at its Zhengzhou factory, Reuters reported.
Several days of downpours continued to cause problems for the production and distribution of goods. cnsphoto
En Besides wreaking havoc on China's supply chain in the short term, Reuters has reported that the flooding could hurt agricultural production in the long term, as rainwater can spread disease on farms.
Meanwhile, the Central Taiwan Weather Bureau issued a warning on Thursday and said heavy rains would affect Taipei City and other parts of the north of the island as far as the northern part of the island. 'until Thursday evening.
The storm is then expected to move towards the Chinese mainland, hitting the financial center of Shanghai and the neighboring provinces of Zhejiang, Fujian and Jiangsu with torrential rains and gales, a declared by the China Meteorological Administration.
An aerial view of the flooding in Lushan County in central China's Henan Province earlier this week. FeatureChina
With post wires