U.S. Manufacturers Face Staff Shortages In China Due to Coronavirus, Survey Reveals

Barbara Kollmeyer Barron's Take 2354.TW AAPL VOW3.XE Apple Apple iPhones Foxconn Saic Volkswagen American Chamber of Commerce Volkswagen Volkswagen Yangtze River Delta Asia Pacific Asia BRICS Countries China Greater China Emerging Market Countries Developing Economies Eastern Asia Jiangsu Political/General News Respiratory Tract Diseases Health Medical Conditions Outbreaks/Epidemics SARS/MERS Viruses Infectious Diseases Content Types Surveys/Polls N/DJN N/GEN N/HLT N/WER R/ASI R/CH R/FE R/FEO VOW.XE VOW3.XE Barrons.com Barrons Blogs Wires CODES_REVIEWED Asia Industrials Materials Markets Barron's Take US author Barbara Kollmeyer author|Barbara Kollmeyer topicid 7274 name Barbara Kollmeyer extractedtext Barbara Kollmeyer rank 1 codetype author code barbara_kollmeyer nameformat surname_first author Barbara Kollmeyer id Barbara Kollmeyer barrons_display_brand BARTAKE barrons_display_brand|BARTAKE codetype BARRONS_DISPLAY_BRAND canbedisplaybrand true value BARTAKE source MANUAL status modified name Barron's Take code BARTAKE co uschc co|uschc fullextractedtext American Chamber of Commerce codetype co displayname American Chamber of Commerce confidence 100 why about extractedtext American Chamber of Commerce source FACTIVA occurs true subcat org code uschc relevance 51 name American Chamber of Commerce significance prominent confidencerange high relevancerange medium fcode uschc onlinesignificance prominent co svw co|svw fullextractedtext Saic Volkswagen codetype co displayname Saic Volkswagen confidence 100 why occur extractedtext Saic Volkswagen source FACTIVA subcat com code svw relevance 25 name Saic Volkswagen significance passing confidencerange high relevancerange low fcode svw onlinesignificance passing-mention co vlkwag co|vlkwag country XE symbol VOW3.XE codetype co displayname Volkswagen why occur extractedtext Volkswagen source FACTIVA seoname volkswagen_ag_non_vtg_pfd name Volkswagen relevancerange low chartingsymbol STOCK/XE/XETR/VOW3 fcode vlkwag fullextractedtext Volkswagen ticker VOW.XE confidence 100 subcat com code vlkwag relevance 25 significance passing confidencerange high exchangeisocode XETR onlinesignificance passing-mention co Apple iPhones co|Apple iPhones fullextractedtext Apple iPhones codetype co displayname Apple iPhones extractedtext Apple iPhones source FACTIVA subcat com code apple_iphones name Apple iPhones co Yangtze River Delta co|Yangtze River Delta fullextractedtext Yangtze River Delta codetype co displayname Yangtze River Delta extractedtext Yangtze River Delta source FACTIVA subcat com code yangtze_river_delta name Yangtze River Delta co APPLC co|APPLC symbol AAPL country US codetype co displayname Apple extractedtext Apple source MANUAL code aapl name Apple significance prominent exchange U.S.: Nasdaq exchangeisocode XNAS chartingsymbol STOCK/US/XNAS/AAPL fcode APPLC status modified onlinesignificance passing-mention co SHMTCH co|SHMTCH symbol 2354.TW country TW codetype co displayname Foxconn Technology extractedtext Foxconn source MANUAL code tw_2354 name Foxconn significance prominent exchange Taiwan exchangeisocode XTAI chartingsymbol STOCK/TW/XTAI/2354 fcode SHMTCH status modified onlinesignificance passing-mention co VLKWAG co|VLKWAG symbol VOW3.XE country XE codetype co displayname Volkswagen Non-Vtg Pfd. extractedtext Volkswagen source MANUAL code xe_vow3 name Volkswagen significance prominent exchange Germany: Xetra exchangeisocode XETR chartingsymbol STOCK/XE/XETR/VOW3 fcode VLKWAG status modified onlinesignificance passing-mention company VOW3.XE company|VOW3.XE name Volkswagen significance PASSING-MENTION company 2354.TW company|2354.TW name Foxconn significance PASSING-MENTION company AAPL company|AAPL name Apple significance PASSING-MENTION djn VOW.XE djn|VOW.XE codetype djn why occur source FACTIVA code vow_xe name VOW.XE significance passing fcode VOW.XE onlinesignificance passing-mention djn VOW3.XE djn|VOW3.XE codetype djn why occur source FACTIVA code vow3_xe name VOW3.XE significance passing fcode VOW3.XE onlinesignificance passing-mention djn N/GEN djn|N/GEN codetype djn name N/GEN why lineage source FACTIVA code n_gen fcode N/GEN djn N/HLT djn|N/HLT codetype djn name N/HLT why lineage source FACTIVA code n_hlt fcode N/HLT djn R/CH djn|R/CH codetype djn why about source FACTIVA code r_ch name R/CH significance prominent fcode R/CH onlinesignificance prominent djn R/FE djn|R/FE codetype djn why about source FACTIVA code r_fe name R/FE significance prominent fcode R/FE onlinesignificance prominent djn R/FEO djn|R/FEO codetype djn why about source FACTIVA code r_feo name R/FEO significance prominent fcode R/FEO onlinesignificance prominent djn R/ASI djn|R/ASI codetype djn name R/ASI why lineage source FACTIVA code r_asi fcode R/ASI djn N/DJN djn|N/DJN codetype djn name N/DJN source DJN-CONTROL code n_djn value N/DJN status modified inactivebydefault true djn N/WER djn|N/WER codetype djn name N/WER source DJN-CONTROL code n_wer value N/WER status modified inactivebydefault true first_publish_headline U.S. Manufacturers Face Staff Shortages In China Due to Coronavirus, Survey Reveals first_publish_headline|U.S. Manufacturers Face Staff Shortages In China Due to Coronavirus, Survey Reveals flow NWREGULAR flow|NWREGULAR codetype FLOW name Wires source MANUAL value NWREGULAR code NWREGULAR status modified flow Barrons.com flow|Barrons.com codetype FLOW name Barrons.com source MANUAL value Barrons.com code online status modified name Online title Product code Barrons.com flow Barrons Blogs flow|Barrons Blogs codetype FLOW source MANUAL title Product code Barrons_Blogs name Barrons Blogs value Barrons Blogs status modified headline U.S. Manufacturers Face Staff Shortages In China Due to Coronavirus, Survey Reveals headline|U.S. Manufacturers Face Staff Shortages In China Due to Coronavirus, Survey Reveals media media-16 media|media-16 responsive layout wrap media media-1 media|media-1 media media-2 media|media-2 media media-3 media|media-3 media media-4 media|media-4 media media-5 media|media-5 media media-6 media|media-6 media media-7 media|media-7 media media-8 media|media-8 media media-9 media|media-9 media media-10 media|media-10 media media-11 media|media-11 media media-12 media|media-12 media media-13 media|media-13 media media-14 media|media-14 media media-15 media|media-15 ns gout ns|gout codetype ns why about source FACTIVA code gout name Outbreaks/Epidemics significance prominent fcode gout onlinesignificance prominent ns gsars ns|gsars codetype ns why about source FACTIVA code gsars name SARS/MERS Viruses significance prominent fcode gsars onlinesignificance prominent ns nsur ns|nsur codetype ns why about source FACTIVA code nsur name Surveys/Polls significance prominent fcode nsur onlinesignificance prominent ns gcat ns|gcat codetype ns name Political/General News why lineage source FACTIVA code gcat fcode gcat ns gcold ns|gcold codetype ns name Respiratory Tract Diseases why lineage source FACTIVA code gcold fcode gcold ns ghea ns|ghea codetype ns name Health why lineage source FACTIVA code ghea fcode ghea ns gmed ns|gmed codetype ns name Medical Conditions why lineage source FACTIVA code gmed fcode gmed ns gspox ns|gspox codetype ns name Infectious Diseases why lineage source FACTIVA code gspox fcode gspox ns ncat ns|ncat codetype ns why lineage source FACTIVA code ncat name Content Types internalsymbol true fcode ncat nwchain SB507239867453961034928045862086409796958661 nwchain|SB507239867453961034928045862086409796958661 re china re|china codetype re why about source FACTIVA subcat cntry code china name China significance prominent fcode china onlinesignificance prominent re chinaz re|chinaz codetype re why about source FACTIVA subcat sc code chinaz name Greater China significance prominent fcode chinaz onlinesignificance prominent re easiaz re|easiaz codetype re why about source FACTIVA subcat sc code easiaz name Eastern Asia significance prominent fcode easiaz onlinesignificance prominent re jiangs re|jiangs codetype re why about source FACTIVA subcat sp code jiangs name Jiangsu significance prominent fcode jiangs onlinesignificance prominent re apacz re|apacz codetype re why lineage source FACTIVA subcat snr code apacz name Asia Pacific fcode apacz re asiaz re|asiaz codetype re why lineage source FACTIVA subcat snr code asiaz name Asia fcode asiaz re bric re|bric codetype re why lineage source FACTIVA subcat eco code bric name BRICS Countries fcode bric re devgcoz re|devgcoz codetype re why lineage source FACTIVA subcat eco code devgcoz name Emerging Market Countries fcode devgcoz re dvpcoz re|dvpcoz codetype re why lineage source FACTIVA subcat eco code dvpcoz name Developing Economies fcode dvpcoz relay SYND relay|SYND codetype RELAY name Syndication source EXPANDER value SYND code synd status modified statistic CODES_REVIEWED statistic|CODES_REVIEWED name CODES_REVIEWED value CODES_REVIEWED codetype STATISTIC code CODES_REVIEWED subject BARMKTS subject|BARMKTS codetype SUBJECT selectable true title Markets code BARMKTS name Markets canbedisplaysubject true ruleid BARMKTS value BARMKTS status modified subject BARUS subject|BARUS codetype SUBJECT title US code BARUS name US canbedisplaysubject true ruleid BARUS value BARUS status modified subject BARASIA subject|BARASIA codetype SUBJECT title Asia code BARASIA name Asia canbedisplaysubject true ruleid BARASIA value BARASIA status modified subject BARMATERIALS subject|BARMATERIALS codetype SUBJECT title Materials code BARMATERIALS name Materials canbedisplaysubject true ruleid BARMATERIALS value BARMATERIALS status modified subject BARTAKE subject|BARTAKE ruleid BARTAKE codetype SUBJECT value BARTAKE canbedisplaybrand true name Barron's Take title Barron's Take status modified code BARTAKE subject BARINDUSTRIALS subject|BARINDUSTRIALS codetype SUBJECT title Industrials code BARINDUSTRIALS name Industrials canbedisplaysubject true ruleid BARINDUSTRIALS value BARINDUSTRIALS status modified wordcount 682 wordcount|682 id facebook id|facebook news_tab_url https://www.barrons.com/articles/u-s-manufacturers-in-china-say-there-is-a-shortage-of-workers-amid-covid19-51581956335 AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images U.S. Manufacturers Face Staff Shortages In China Due to Coronavirus, Survey Reveals U.S. Manufacturers Face Staff Shortages In China Due to Coronavirus, Survey Reveals U.S. Manufacturers in China Say There is a Shortage of Workers Amid COVID—19

What is it going to take to get China up and running amid the COVID—19 outbreak? A survey by the American Chamber of Commerce in Shanghai shows that there aren’t enough workers yet to really make a dent.

U.S. Manufacturers Face Staff Shortages In China Due to Coronavirus, Survey Reveals

China is struggling to get its more than a billion workers back on the job amid the continuing COVID—19 outbreak. A new survey reveals the extent of that tough task.

https://www.amcham-shanghai.org/en/article/supply-chains-and-factory-openings-amcham-shanghai-mini-survey https://www.marketwatch.com/story/volkswagen-delays-reopening-of-chinese-plants-2020-02-17-24852846 https://www.barrons.com/articles/coronavirus-will-continue-to-rile-markets-these-3-sectors-wont-recover-soon-51581597001 U.S. Manufacturers Face Staff Shortages In China Due to Coronavirus, Survey Reveals By Barbara Kollmeyer AFP via Getty Images Workers producing medical supplies at a factory in Binzhou in China's eastern Shandong province (Photo by STR/AFP via Getty Images)

As investors watch closely to see how quickly China can get its more than one billion workers back on the job amid the continuing coronavirus outbreak, a new survey reveals just how tough a task that may be.

According to a mini survey by the American Chamber of Commerce in Shanghai, 78% of companies say they don’t have enough staff to run a full production line. The business organization surveyed its members with manufacturing operations in Shanghai, Suzhou, Nanjing and the wider Yangtze River Delta last week and received 109 responses.

Some 41% of companies say a lack of staff will be the biggest challenge in the next 2-4 weeks, while 30% say logistics issues will be their biggest concern. And 48% of companies reported global operations have been affected by shutdown across China from late January as officials grappled with the virus, which has been officially named COVID-19.

On Monday, Chinese authorities reported 105 more deaths, taking the total death toll up to 1,770. Officials announced 2,048 new cases with the total number of people infected rising above 71,000.

One concern as China tries to get back to work is that there isn’t enough protective gear to go around, given reports of shortages across China. The American Chamber of Commerce said 38% of those surveyed said they lack sufficient masks and other supplies to keep employees safe from COVID-19.

Reports of delays keep trickling in. Auto maker Volkswagen announced Monday that it would be pushing back the reopening of some of its Chinese plants. Those include the Saic Volkswagen joint venture, with operations there due to resume Feb. 24. But the company said it expects all plants to be operational in the next few days.

Investors have been closely watching companies such as Foxconn, a major assembler of Apple iPhones. Reports last week indicated that some Foxconn factories remained closed, while others were running with skeleton crews, and analysts have warned that Apple earnings could face fallout from delays.

Look ahead: Neil Shearing, group chief economist at Capital Economics, said that investors may not be considering the potential long-term damage of a shutdown. “If workplaces reopen soon, we think activity should rebound relatively quickly with lost output recovered over the rest of this year,” he said.

“But a prolonged shutdown could mean lost output is never recovered. It would also increase the likelihood that the virus triggers a ‘black swan’ type event either in China (keep one eye on the property market) or farther afield (keep one eye on the energy sector),” he added.

If the American Chamber of Commerce “mini” survey is any indication, investors may be in for a long wait until the coronavirus is in the rear-view mirror. Even then, the world’s economies may keep looking over their shoulders.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.