29% of China’s corn imports come from Ukraine, prices may rise

Economy 02/27/22, 15:30

The Russian-Ukraine conflict is widely expected to disrupt supply chains, and imports in China would be affected. Chinese media are warning of a temporary rise in corn prices, which would sequentially lead to a chain of other costs increase. State-media CCTV Finance reported from customs data that in 2021, 29.07% of ...

German businesses to leave China due to supply chain disruptions

China 01/16/22, 23:12

German companies plan to withdraw from China as Beijing's extreme zero-Covid policy is disrupting the global supply chain. Ma Mingbo, the chief representative of the German Chamber of Commerce in Shanghai, said that Chinese authorities disrupted its supply chain by banning flights and closing the city, so German businesses are restructuring ...

Samsung invests $17 billion in Texas chip plant to curb supply chain issues

Texas 11/24/21, 16:11

Texas will receive its largest-ever foreign direct investment from Samsung, as the South Korean electronics giant builds a $17 billion semiconductor factory in the Lone Star State. Gov. Greg Abbott's (R) office announced Samsung will build a new semiconductor manufacturing facility in Taylor, lifting the multinational's total investment in Texas to ...

China exports fall sharply as coronavirus epidemic bites supply chains

U.S. 03/07/20, 12:36

China's exports plunged in the first two months of 2020 as a fast-spreading coronavirus outbreak is disrupting its corporate operations as well as global supply chains. China’s official customs data showed on Saturday, March 7, that exports plummeted 17.2% in January-February from a year earlier, the steepest drop since February 2019. Imports ...

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