News Snapshot:
China’s race to stop the spread of COVID-19 clogs highways and ports, bans workers and closes countless factories – disruptions caused in global supply chains for items from electric cars to iPhones. As some factory owners try to fight back by managing a “closed loop” that keeps workers in quarantine, some say it’s getting harder and harder to maintain with COVID-19 restrictions locally to avoid the Omicron variant, complicating the effort to purchase raw materials or ship products. Also on Tuesday, Taiwan-based Pegatron Corp, which assembles Apple Inc’s iPhones, halted operations in Shanghai and Kunshan. Sven Agten, Asia-Pacific CEO of...
