- Issue Time
The power-supply shock in the world's second-biggest economy and biggest manufacturer will ripple through and impact global markets.
Recently, many cities in China have experienced in a power shortage, such as Guangdong , Zhejiang, Fujian, and northeast China. Which brings inconvenience and economic loss to enterprise and ordinary people. What makes this situation difficult to cope ?
1. Definitely ,Coal prices have risen worldwide due to resilient market demand boosted by the economic rebound. Some coal-fired power plants are even trying not to generate electricity in order to stop economic losses .
2. China has promised to peak its carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. Many other local governments have been taking harsher steps to control their power supplies to meet yearly targets.
What will be the impact on the business and the world ? Take the faucet industries as sample.
Oubao is a professional manufacturer focused on kitchen faucets ,basin faucets, bathroom shower sets ,and accessories for 17 years .The production of faucets seem simple, but it involves many processes, requires professional production equipment machine to support.
Oubao Faucet Production Process
Power outages will bring production lines to an abrupt halt. This may cause the delivery of orders delayed which will make great impact to distributor and retailer, they are facing risks in supply-chain continuity during a peak season , specially the approaching Christmas. Besides, Jiangsu Province, Zhejiang Province and Guangdong Province were among the worst hit by the power crunch and all three are major producers of faucets in China. When these areas stop or limit production at the same time , will inevitably cause a great impact on the faucet industry. The power-supply shock in the world's second-biggest economy and biggest manufacturer will ripple through and impact global markets. The global markets will feel the pinch of a shortage of supply from production industries.
To mitigate the impact of Covid-19, place an order as soon as possible with suppliers, make sure your supply chian normal. The coming Christmas will bring you a supprise .