Supply Chain Disruptions Caused by Semiconductor Shortages and China’s Zero-COVID Policy
First written in FY2022-Q3. 1 of 4 entries say "Materialised", first in FY2022. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2022: 5 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「Following the lifting of China’s zero-COVID policy in December 2022, many employees of Nagaoka Setsubi (Dalian) Co., Ltd. contracted COVID-19, temporarily reducing the operating rate. Operations subsequently recovered, and production has proceeded without causing delivery delays.」
The spread of infections following the lifting of China's zero-COVID policy temporarily reduced operations at the Dalian plant, but operations subsequently recovered and manufacturing is progressing without delivery delays. - FY2023-Q2WorsenedAnnual report
「Following the lifting of China's zero-COVID policy, many employees of 那賀設備（大連）有限公司 became infected, causing operations in December to decline significantly and affecting revenue recognized based on manufacturing progress.」
In addition to the supply chain impact of the previous lockdowns and activity restrictions, the spread of infections after the policy was lifted caused operations at the Dalian plant to decline and affected manufacturing progress and revenue. - FY2022MaterialisedAnnual report
「In particular, disruption and stagnation in the supply chain caused by lockdowns in China delayed the delivery of materials, affecting the production activities of our group.」
Lockdowns and activity restrictions under China's zero-COVID policy had a tangible impact on the supply chain, material deliveries and production activities. - FY2022-Q3First statedAnnual report
「During the third quarter of the current consolidated cumulative period, the Japanese economy was on a recovery trend as economic activity resumed in stages, but unstable conditions continued due to the semiconductor shortage, surging resource prices and other factors. In China, city lockdowns and tighter activity restrictions were implemented under the zero-COVID policy, significantly affecting supply chains.」
It states that semiconductor shortages and lockdowns and activity restrictions in China have had a significant impact on the supply chain.