Japan manufacturing to move out of China amid risk of supply chains disruptions
Wednesday, February 8, 2023
  • Circulation
  • Advertise
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
  • World
  • G20
  • Editorial
  • Analysis
  • Opinion
  • Sports
  • More
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • My States
    • Vocal4Local
    • Business
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
SUBSCRIBE
No Result
View All Result
  • ‌
  • Bharat
  • World
  • G20
  • Editorial
  • Analysis
  • Opinion
  • Sports
  • More
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • My States
    • Vocal4Local
    • Business
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • G20
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • RSS in News
  • My States
  • Vocal4Local
  • Subscribe
Home World

Japan manufacturing to move out of China amid risk of supply chains disruptions

Japanese companies seek to move back home from China as Beijing's Zero-COVID policy continues to cause supply chain disruptions.

WEB DESK by WEB DESK
May 18, 2022, 01:09 pm IST
in World
Representative Image

Representative Image

Share on FacebookShare on TwitterTelegramEmail

Beijing [China]: As Beijing’s Zero-COVID policy continues to cause disruptions to the global supply chains, Japan has begun to encourage its companies in China to move production and distribution back home.

Japan’s multinationals are impelled to undertake a broader reassessment of supply chains. They seek to move back home with tax incentives, subsidies and other benefits, reported Nikkei Asia.

The pandemic has changed the outlook of many countries towards their current set-up of supply chains, and they are considering options to move out of China and diversify themselves.

Due to rising COVID-19 infections in China and the enforcement of the Zero-Covid policy by Xi Jinping, global supply chains have taken a hit as Shanghai is the main export centre of China.

In 2021, the port handled 20 per cent of China’s freight traffic, local media reported. As a result of the lockdown, many companies were forced to shut down their factories. For example, a lockdown is declared in Changchun city, which is a major auto manufacturing hub for brands like Toyota and Volkswagen.

Chen Xin, who owns a garment painting factory in Guandong province, said that he is unable to deliver most of his orders due to the logistics crisis. In his opinion, the impact of Chinese government policies is much greater than the problems caused by pandemics.

If the lockdown continues, prominent economists have warned of bigger impacts on the global supply chain, he added.

China’s zero covid policy has given rise to global consequences since most of the manufacturing hubs for international brands are located in China. (ANI)

 

Topics: China LockdownChinaJapanChina Covid
Share1TweetSendShareSend
Previous News

DRDO carries out successful maiden testfiring of Naval Anti-ship missile

Next News

Rakhigarhi: A page from the diary of my visit

Related News

“India is exciting market and major focus for Apple”, says  Tim Cook

“India is exciting market and major focus for Apple”, says Tim Cook

Quad to focus on tackling Chinese threat in telecom, 6G technology

Quad to focus on tackling Chinese threat in telecom, 6G technology

Has China dumped a broken Pakistan?

Has China dumped a broken Pakistan?

Unholy nexus of BBC, Chinese tech giant Huawei revealed: Report

Unholy nexus of BBC, Chinese tech giant Huawei revealed: Report

The Normalisation Phenomena: Strategic desperation of neighbours amid New Delhi’s rise

The Normalisation Phenomena: Strategic desperation of neighbours amid New Delhi’s rise

Chinese government’s Propaganda Department monitors content on China Portrayed to the World

Chinese government’s Propaganda Department monitors content on China Portrayed to the World

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Bhutan Parliamentary delegation call on President Droupadi Murmu and Lok Sabha Speaker Om Birla

Bhutan Parliamentary delegation call on President Droupadi Murmu and Lok Sabha Speaker Om Birla

“Muslim women should go to family court to get a divorce and not to Shariat bodies like Jamaats”: Madras High Court

“Muslim women should go to family court to get a divorce and not to Shariat bodies like Jamaats”: Madras High Court

Civilian killings dropped from 37 to 30 in Jammu & Kashmir: Modi Government in Lok Sabha

Civilian killings dropped from 37 to 30 in Jammu & Kashmir: Modi Government in Lok Sabha

BJP leader sues Kerala Pradesh Congress Committee president, CPM MLA for blaming RSS for Gandhi’s assassination

BJP leader sues Kerala Pradesh Congress Committee president, CPM MLA for blaming RSS for Gandhi’s assassination

In fridge, nullah, dustbin, jungle, Shamshan Ghat: Gory details emerge in Shraddha murder case

In fridge, nullah, dustbin, jungle, Shamshan Ghat: Gory details emerge in Shraddha murder case

Maharashtra: Pastor among four arrested for raping a Hindu woman; forced her and family to convert to Christianity

Maharashtra: Pastor among four arrested for raping a Hindu woman; forced her and family to convert to Christianity

Salman Rushdie appeares for the first time after knife attack by Islamist in August 2022; lost vision in one eye

Salman Rushdie appeares for the first time after knife attack by Islamist in August 2022; lost vision in one eye

Kerala: CPM goons try to disrupt RSS Shakha in Malappuram

Kerala: CPM goons try to disrupt RSS Shakha in Malappuram

Under-19 Women’s T20 World Cup: How India’s daughters created History

Under-19 Women’s T20 World Cup: How India’s daughters created History

Budget 2023: Special attention towards rural economy to create employment opportunities

Budget 2023: Special attention towards rural economy to create employment opportunities

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • My States
  • Vocal4Local
  • Special Report
  • Sci & Tech
  • Entertainment
  • Education
  • Books
  • Interviews
  • Travel
  • Health
  • Obituary
  • Subscribe
  • Advertise
  • Circulation
  • About Us
  • Contact Us
  • Privacy Policy
  • Cookie Policy
  • Terms of Use
  • Refund and Cancellation

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies