Apple suppliers are among the businesses taking precedence in local governments’ efforts to restart factories around Shanghai amid Covid-19 lockdowns
are among the businesses taking precedence in local governments’ efforts to restart factories in the Shanghai region as the U.S. tech giant, facing supply constraints, warned that the pandemic’s resurgence in China could dent sales.
In Shanghai, 31 companies run production facilities that supply to Apple, while there are 79 in Jiangsu and seven in Zhejiang, the list shows.and nearby regions imposed stringent Covid-prevention measures, many suppliers halted production, with some shutdowns lasting weeks.in an effort that has so far been gradual and, at times, bumpy.
Chief Executive Tim Cook said Thursday that Apple’s constraints were mainly centered around the Shanghai corridor. The company’s estimate for as much as $8 billion in affected sales reflects the various ramp-ups necessary to get production back up and running, he said. Beijing is racing to test more than 20 million people as residents scramble to stock up on food. WSJ’s Jonathan Cheng shows what life is like in the capital and unpacks the likely ripple effects if officials can’t control the fast-spreading virus. Photo: Kevin Frayer/Getty Images
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