Escalating unrest at the factory added new uncertainties for iPhone production. Weeks ago, Apple said it had reduced iPhone 14 production because of the Covid restrictions at the plant. The latest round of unrest could dramatically impact output. Wednesday's protest underscores how President Xi Jinping's zero Covid policy that requires factories like the iPhone one in Zhengzhou to operate as "closed loops" can backfire. Besides backfiring zero Covid policies, mounting trade conflicts and geopolitical tensions have forced Apple to review its global supply chain, primarily centered in China. Some iPhone 14 production has been shifted to India as Apple begins to diversify away from China.
https://www.zerohedge.com/markets/massive-unrest-rocks-worlds-largest-iphone-factory-china
Escalating unrest at the factory added new uncertainties for iPhone production. Weeks ago, Apple said it had reduced iPhone 14 production because of the Covid restrictions at the plant. The latest round of unrest could dramatically impact output. Wednesday's protest underscores how President Xi Jinping's zero Covid policy that requires factories like the iPhone one in Zhengzhou to operate as "closed loops" can backfire. Besides backfiring zero Covid policies, mounting trade conflicts and geopolitical tensions have forced Apple to review its global supply chain, primarily centered in China. Some iPhone 14 production has been shifted to India as Apple begins to diversify away from China. https://www.zerohedge.com/markets/massive-unrest-rocks-worlds-largest-iphone-factory-china
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