RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Subscribe
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • RetailDetail Plus
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • EVENT PARTNERSHIPS
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • RetailDetail Plus
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • EVENT PARTNERSHIPS
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
thumb
Written by Pauline Neerman
In this article
  • Topics Supply chain
  • Geography China
Share article
  • facebook
  • instagram
  • twitter
  • linkedin
  • email

Covid slams Chinese economy again

icon
General21 December, 2022
B.Zhou / Shutterstock.com

Supply chain problems might return as the coronavirus flares up again in China. Factories are shutting down and truck drivers are in short supply.

Shops and factories close again

China had only just relaxed its Covid policy after fierce protests, when another wave of contamination strikes. Especially in the cities of Beijing and Shanghai, infections are flaring up at lightning speed. Once again, it is wreaking havoc on the Chinese economy, especially since this time there are no clear government guidelines (yet).

Those who are mildly ill are asked to stay home. However, this means that at a lot of workplaces, more than half the staff are absent. Many major retailers are again being forced to stay closed, Noah Fraser of the Canada-China Business Council told Nasdaq.

Threat to the West

Factories too fear having to close, not only because their own staff are down, but also because they cannot get their hands on resources. Indeed, truck drivers, port staff and other key functions in the global supply chain are also falling ill in droves. “In a few cases, companies have closed their factories completely or reduced part of production”, Jörg Wuttke, president of the European Union Chamber of Commerce in China, said.

Another uncertain factor is the end-of-year period: in January, the Chinese celebrate their New Year, a holiday for which most migrant workers return home for weeks. Either this will extinguish the Covid wave faster and they will return to the workplace cured by January, or else they will bring the virus back after the holiday period thus keeping it in circulation for longer. Chaos looms, Wuttke warns, even for the West, which depends on China for much of its production.

Stay up-to-date

Receive our free newsletters and do not miss out on the latest retail news.

Subscribe
logo

Supply chain problems might return as the coronavirus flares up again in China. Factories are shutting down and truck drivers are in short supply.

More on General
See more
  • icon
    General26 May, 2023
    Hema sales up 20 %

    Customers are returning to Hema: the Dutch chain is seeing a sharp rise in sales and profits. The new course is catching on, CEO Saskia Egas Reparaz notes. The chain now wants to invest further in renovating the stores. Shopping experience In its financial year 2022, including January 2023, Hema saw...

  • icon
    General25 May, 2023
    Marks & Spencer finally getting back on track

    After some tough years, Marks & Spencer is on the road to recovery. The chain of British department stores is selling more clothes again, but is also focusing on affordable food products.

  • icon
    General15 May, 2023
    Action launches Belgian webshop

    Action has opened the virtual doors of its Belgian webshop on Monday. The online shop will have ever-changing deals, making the offer there different from the physical stores. Deals on Tuesdays After the Netherlands, Action now also has its own e-commerce in Belgium. The webshop offers different products than the...

Events
  • 15
    Jun
    Human Resources & People Congress
  • 29
    Jun
    Food Congress
Most read
  • icon
    Fashion28 April, 2023
    H&M merges Weekday and Monki
  • icon
    Leisure16 May, 2023
    Decathlon launches subscription service in Belgium
  • icon
    General15 May, 2023
    Action launches Belgian webshop
  • icon
    Food2 May, 2023
    Flash delivery company Getir now also targets Flink
Follow RetailDetail
  • socialFacebook
  • socialTwitter
  • socialInstagram
  • sociallinkedIn
footer-logo
RetailDetail, the leading b2b-retailcommunity in the Benelux, keeps retail professionals up-to-date by means of online & offline publications, retail events, inspiring retail hunts and the unique co-creation platform retailhub, where retailers and their suppliers can experience the future of shopping.
RetailDetail Mailing Address:
Kolveniersstraat 7, bus 26 
2000 Antwerp
Visiting address:
Stadsfeestzaal – Meir 78 
2000 Antwerp
How to reach us:
Directions
© 2023 RetailDetail
general conditions | privacy policy
+32 3 500 89 59 info@retaildetail.be
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies.
Accept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT