Don’t be surprised if TV sale prices become stingier in the months ahead, or if the specific model of laptop or tablet that you’re looking for becomes harder to find.
Experts say those are two potential outcomes of the current lockdown in Shenzhen, the city in China that serves as a mega-hub for tech manufacturing. China ordered the lockdown on Sunday in response to a surge in COVID-19 cases, potentially tied to an omicron sub-variant, and the mandate will run through at least March 20. Foxconn, which handles manufacturing for Apple and many other major tech firms, has resumed production, but only in a limited capacity (one in which employees live and work in a “bubble-like system,” Bloomberg reports).
The lockdown may not be disastrous for the tech industry if it doesn’t last long, especially because the last two years of supply chain chaos have made tech vendors more flexible. Even so, it could further exacerbate the higher prices and tighter supplies that we’ve all…
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Source : fastcompany.com
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