Material scarcity set to hit outsourcers

[snoop1130]

Material scarcity set to hit outsourcers

By THE NATION

 

Wisut Panthawutiyanon

 

The scarcity of materials caused by the Covid-19 outbreak would affect employment for outsourcers, Thailand Outsourcing Association president Wisut Panthawutiyanon said.

 

“Some production lines have delayed operations, since the import of materials used in production has been suspended amid the spreading coronavirus, so materials have become scarce,” he said.

 

The president explained that some businesses normally import the materials from China, South Korea and Japan, where Covid-19 cases have increased.

 

“I am afraid that the suspension of manufacturing would be a problem for outsourcers and affect employment,” he said.

 

“In the first half of 2020, at least 30 per cent of 1.5 million outsourcers in the system will be forced to stop working temporarily, being paid 75 per cent of their total salaries in accordance with the law,” he added.

 

Source: https://www.nationthailand.com/news/30382749

 

-- © Copyright The Nation Thailand 2020-02-24

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[Krataiboy]

Sweatshop China  contributes around 22 percent of global GDP. With more of the the Communist giant's factories shutting down to inhibit the spread of the new corona virus, the global economic fallout is likely to be far more disastrous than any health consequences.

 

The US and many other developed nations rely particularly heavily on China for products like pharmaceuticals and other medical products. The sudden shortage of protective face masks as panic over a pandemic spreads is a harbinger of much worse to come.

 

https://www.wired.com/story/the-coronavirus-is-a-threat-to-the-global-drug-supply/

 

 

Edited February 25, 2020 by Krataiboy

[Krataiboy]

Sorry - did a "double" by mistake!

Edited February 25, 2020 by Krataiboy

[Nyezhov]

9 minutes ago, Krataiboy said:

the global economic fallout is likely to be far more disastrous than any health consequences.

Not for the USA, except for the market fluctuations.

[Scott Tracy]

Time to source elsewhere...