These are the abrupt starts and stops that accompany an ongoing pandemic. Only 24 hours after saying it would ramp up hiring and incentives for new employees, Foxconn, Apple’s main iPhone supplier, said today it would abruptly stop hiring new workers for its plant in Zhengzhou, China, after new COVID-19 lockdowns and restrictions were imposed on the […]
Apple on Thursday announced its Q2 2022 earnings, the company posting revenue of $97.3 billion, an increase of 9 percent year over year. Apple reported a profit of $25 billion alongside earnings per share of $1.52. The reports beat estimates of $95.51 billion in revenues, against $89.58 billion for the same quarter last year and […]
With a steady stream of COVID-19 lockdowns in China, Apple is now apparently menacing an “action plan” to diversity its supply chain management risks out of the country. According to analyst Ming-Chi Kuo, China-based suppliers such Foxconn have struggled with lockdowns. In these cases, factories have either needed to stop production for a certain period […]
As many as half of Apple’s suppliers in China may be under continued COVID-19 lockdowns, thereby leading to issues in the production process that could lead to a supply chain cut-off. According to Nikkei Asia, half of Apple’s 200 top suppliers have production facilities in and around Shanghai. The COVID lockdowns have affected major production […]
Natural disasters are never good for the global supply chain. Over in Japan, a 7.4 magnitude tremor shut down a good portion of the nation’s manufacturing on Thursday. Included in these closures is Murata, which produces ceramic capacitors for Apple. The earthquake claimed four lives and caused 97 injuries. Company Murata, which is located in […]