Views: 3 Author: Site Editor Publish Time: 2021-10-11 Origin: Site
Affected by the epidemic in Southeast Asia, global orders have flooded into China, causing factory power consumption to surge by 20.6%. Recently, the Chinese government has issued a dual-control environmental protection policy in order to force enterprises with “high investment, high energy consumption, and high emissions” to complete industrial upgrades, step out of the comfort zone, and avoid falling into a crisis.
Provinces named by the National Development and Reform Commission, such as Guangdong, Zhejiang, Jiangsu and other places, have introduced electricity curtailment measures to ensure that the dual energy consumption control targets can be completed in time.
At the same time, some European and American countries that rely on Asian manufacturing are also caught in the fear of inflation and supply chain tensions, and people are hoarding daily necessities.
Panic buying at Costco in the U.S.
After China restricted production, some European and American countries that depended on Asian manufacturing fell into fear of inflation and supply chain tensions, and people hoarded daily necessities. Among them, Costco, the largest chain of membership-based warehouse stores in the United States, has imposed restrictions on the purchase of daily necessities such as toilet paper, cleaning products, and bottled water. In the short term, prices will rise.
Panic buying in British supermarkets
At the same time, the UK is also facing a "rush to buy boom." Affected by factors such as rising energy prices, Brexit, labor shortages, insufficient truck drivers, increased inflation expectations and other factors, the supply chain is tight, commodity shortages, and the supply of beverages and meat in British supermarkets are tight, and British residents have panic buying Panic buying has broken out in British supermarkets, and the shelves have been sold out. This phenomenon will in turn increase the level of inflation in the UK.
Many countries around the world are facing inflationary pressures
In fact, the developed economies around the world have generally faced inflationary pressures. The Eurozone has also been involved in this turmoil.
The shortage of energy supply in the Eurozone has also led to a significant increase in inflation. The skyrocketing price of natural gas and other energy sources has led to a sharp rise in electricity prices, and a number of European companies have been forced to cut production and stop production, which has led to the European supply chain not being optimistic. In addition to the aforementioned United States, United Kingdom, and Eurozone, the current inflationary pressures in Russia, Brazil, India, Turkey, South Korea, New Zealand, Malaysia, Thailand and other countries are very serious.
The current situation is unprecedented. The cost of materials in the later period may rise again, and there may even be priceless goods. Although everyone complains, but in the end, we must face reality. Everyone should prepare as soon as possible, stock up and ventilate with customers in time. "Delayed delivery" issue.