By Jeff Sutherland and Tom Hancock<\/strong>

The hit from China’s energy crunch<\/a> is starting to ripple throughout the globe, hurting everyone from Toyota Motor Corp. to Australian sheep farmers and makers of cardboard boxes.

Not only is the extreme
electricity shortage<\/a> in the world’s largest exporter set to hurt its own growth, the knock-on impact to supply chains could crimp a global economy struggling to emerge from the pandemic.

The timing couldn’t be worse, with the shipping
industry<\/a> already facing congested supply lines that are delaying deliveries of clothes and toys for the year-end holidays. It also comes just as China starts its harvest season, raising concerns over sharply higher grocery bills.

“If the electricity shortages and production cuts continue, they could become yet another factor causing global supply-side problems, especially if they start to affect the production of export products,” said Louis Kuijs, senior Asia economist at
Oxford Economics<\/a>.

Slower Growth<\/strong>
Economists have already warned of slower growth in China. At
Citigroup<\/a>, a vulnerability index indicates that exporters of manufactured goods and commodities are particularly at risk to a weakening Chinese economy. Neighbors like Taiwan and Korea are sensitive, as are metal exporters such as Australia and Chile, and key trading partners such as Germany are also somewhat exposed.

As for consumers, the question is whether manufacturers will be able to absorb higher costs or will pass them along.

“This is looking like another stagflationary shock for manufacturing, not just for China but for the world,” said Craig Botham, chief China economist at Pantheon Macroeconomics. “The price increases by now are pretty broad-based -- a consequence of China’s deep involvement in global supply chains.”

UN index of global food costs is at the highest in a decade
Beijing has been scouring for power supplies as it tries to stabilize the situation. The impact on the global economy will depend on how quickly those efforts bear fruit. Many Chinese factories reduced production for this week’s “Golden Week” holiday, and economists are closely watching whether power shortages will return as they ramp up again.

Already, though, some industries are under pressure, and the damage they’re seeing could quickly fan out to other sectors.
\"\"
<\/span><\/figcaption><\/figure>Paper<\/strong>
Consider paper. Production of cardboard boxes and packing materials was already strained by skyrocketing demand during the pandemic. Now, temporary shutdowns in China have hit output even harder, leading to a possible 10% to 15% reduction in supply for September and October, according to
Rabobank<\/a>. That will add further complications to businesses already suffering from the global paper shortage.

Food<\/strong>
The food supply chain is also at risk as the energy crisis makes harvest season more challenging for the world’s biggest agricultural producer. Global food prices have already jumped to a decade high, and worries are mounting that the situation will worsen as China struggles to handle crops from corn to soy to peanuts and cotton.

In recent weeks, several plants were forced to shut or reduce output to conserve electricity, such as soybean processors that crush beans to produce meal for animal feed and oil for cooking. Prices for fertilizer, one of the most important elements of agriculture, are skyrocketing, slamming farmers already buckling under the strain of rising costs.

The processing industry is set to be more severely affected than staples such as grains and meat, Rabobank analysts wrote in a report this week. In the dairy sector, power cuts could disrupt the operation of milking machines, while pork suppliers will face pressure from tighter supply of cold storage.

Wool<\/strong>
Outside of China, Australian sheep farmers are bracing for weaker demand just as they seek to sell their wool at auctions. The industry saw Chinese mills reduce production by up to 40% due to power cuts last week, Australian Broadcasting Corp. reported.

Tech<\/strong>
The tech world could also see a dramatic hit, given that China is the world’s biggest production base for gadgets from
iPhones<\/a> to gaming consoles, and a major center for the packaging of semiconductors used in autos and appliances.
\"\"
<\/span><\/figcaption><\/figure>Several companies have already experienced downtime at their Chinese facilities to comply with local restrictions. Pegatron Corp., a key partner for Apple<\/a>, said last month it began to adopt energy-saving measures, while ASE Technology Holding Co., the world’s biggest chip packager, halted production for several days.

The overall impact on the tech sector has so far been limited because of customary shutdowns around the week-long holiday. Should the energy crunch worsen, it could hit production ahead of the crucial year-end shopping season. Industry giants including
Dell Technologies Inc<\/a>. and Sony Group Corp.<\/a> can ill afford another supply shock after pandemic-induced turmoil fomented a global chip shortage that will extend well into 2022 and beyond.

Automakers<\/strong>
Any further deterioration of the semiconductor market would also add headaches for automakers, who have already seen production crunched by the chip shortage. The industry, which is high on the list of protected sectors in times like these, has thus far largely been spared from the effects of the power crisis.

Still, there have been some isolated instances. Toyota, which produces more than 1 million vehicles a year in China at plants centered around Tianjin and Guangzhou, has said some of its operations have been impacted by the power shortages.

(With assistance from Jasmine Ng, Debby Wu and Peter Vercoe)<\/em>
<\/body>","next_sibling":[{"msid":86857531,"title":"Now, China power crisis hits Indian handset industry","entity_type":"ARTICLE","link":"\/news\/now-china-power-crisis-hits-indian-handset-industry\/86857531","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"86858095","title":"Untitled-1","entity_type":"IMAGES","seopath":"small-biz\/trade\/exports\/insights\/chinas-energy-crisis-is-hitting-everything-from-iphones-to-milk\/untitled-1","category_name":"China's energy crisis is hitting everything from iPhones to milk","synopsis":"For consumers the question is whether manufacturers will be able to absorb higher costs or will pass them along.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-40938\/86858095.cms?width=150&height=112","link":"\/image\/small-biz\/trade\/exports\/insights\/chinas-energy-crisis-is-hitting-everything-from-iphones-to-milk\/untitled-1\/86858095"}],"msid":86858643,"entity_type":"ARTICLE","title":"China's energy crisis is hitting everything from iPhones to milk","synopsis":"The timing couldn\u2019t be worse, with the shipping industry already facing congested supply lines that are delaying deliveries of clothes and toys for the year-end holidays. ","titleseo":"telecomnews\/chinas-energy-crisis-is-hitting-everything-from-iphones-to-milk","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":770,"shares":0,"engagementtimems":3179000},"Alttitle":{"minfo":""},"artag":"Bloomberg","artdate":"2021-10-08 09:50:03","lastupd":"2021-10-08 09:50:42","breadcrumbTags":["energy crunch","iPhones","apple","electricity shortage","oxford economics","citigroup","rabobank","dell technologies inc","sony group corp.","Industry"],"secinfo":{"seolocation":"telecomnews\/chinas-energy-crisis-is-hitting-everything-from-iphones-to-milk"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2021-10-08" data-index="article_1">

中国的能源危机的影响从iphone到牛奶

时机不可能更糟糕的是,与航运行业已经面临拥挤的补给线,延迟交付的衣服和玩具年终假期。

  • 2021年10月8日更新宝成坚持
阅读: 100年行业专业人士
读者的形象读到100年行业专业人士
杰夫·萨瑟兰和汤姆·汉考克

中国的打击能源危机开始波及整个地球,伤害每个人从丰田汽车公司(Toyota Motor corp .)到澳大利亚的羊农民和制造商的纸板箱。

不仅是极端的电力短缺世界上最大的出口国将损害自己的增长,连带影响供应链可以抑制全球经济难以摆脱大流行。

时间不能更糟糕的是,与航运行业已经面临拥挤的补给线,延迟交付的衣服和玩具年终假期。它也正值中国开始收获季节,提高对日用品价格大幅上涨的担忧。

广告
“如果电力短缺和减产继续下去,他们还可能成为另一个因素导致全球供应方面的问题,特别是如果他们开始影响出口产品的生产,“Louis Kuijs说,高级亚洲经济学家牛津经济研究院

经济增长放缓
经济学家们已经警告中国增长放缓。在花旗集团(Citigroup)制成品,脆弱性指数表明,出口商和大宗商品尤其在中国经济走软的风险。台湾和韩国等邻国敏感,金属出口商如澳大利亚和智利,和德国等主要贸易伙伴也有些接触。

就消费者而言,问题在于制造商将能够承受更高的成本或将他们前进。

“这是看起来像制造业的另一个滞胀的冲击,不仅对中国,对世界,”博瑟姆克雷格说,首席中国经济学家万神殿宏观经济学。“现在的价格上涨的很广泛的,由于中国的深度参与全球供应链。”

联合国全球食品价格指数是最高的十年
中国政府一直在为电源,因为它试图稳定局势。对全球经济的影响将取决于这些努力结出果实的速度有多快。许多中国工厂减产本周的“黄金周”假期,和经济学家正在密切关注是否电力短缺将返回再次增加。

广告
虽然,一些行业的压力下,损害他们看到其他领域可能很快扇出。

考虑纸。生产纸箱和包装材料已经紧张的在大流行期间需求的急剧增长。现在,在中国暂时关闭输出更加困难,可能导致供应减少10%至15%为9月和10月,据荷兰合作银行。这将进一步增加并发症企业已经遭受全球纸张短缺。

食物
食品供应链风险也随着能源危机使收获季节更具挑战性的世界上最大的农业生产国。全球食品价格已经上升到十年高,和人们日益担心,情况将会恶化中国努力处理对花生的作物种植大豆和棉花。

最近几周,一些工厂被迫关闭或减少产量以节约用电,比如大豆处理器粉碎bean为动物饲料生产食物和烹调油。化肥价格,农业最重要的一个元素,都在飞涨,抨击农民已经屈曲应变下的成本上升。

加工业将严重影响比等主食谷物和肉类,荷兰合作银行(Rabobank)分析师本周在一份报告中写道。在乳品行业,停电可能会扰乱挤奶机的操作,而猪肉供应商将面临来自冷藏供应紧缩的压力。

羊毛
中国以外,澳大利亚羊的农民将面临需求疲软就像他们寻求出售羊毛拍卖。行业看到中国钢厂减产40%由于停电上周,澳大利亚广播公司报道。

科技
科技界也会看到一个戏剧性的打击,因为中国是世界上最大的产品生产基地iphone游戏控制台,半导体的主要包装中心用于汽车和电器。
几家公司已经有经验的停机时间在他们的中国工厂遵守当地的限制。和硕联合公司,一个关键的伙伴苹果上月表示,它开始采取节能措施,虽然ASE科技控股有限公司,全球最大的芯片包装机,停止生产了好几天。

科技行业的总体影响迄今为止有限,因为习惯关闭在为期一周的假期。能源危机恶化,应该可以达到生产至关重要的年终购物季。行业巨头包括戴尔技术公司。和索尼集团公司。可以承受另一个供给冲击pandemic-induced动荡后激发了全球芯片短缺,它将扩展到2022年及以后。

汽车制造商
半导体市场的进一步恶化还将添加对汽车制造商的头痛,他已经看到生产处理芯片短缺。的行业,高保护的行业在这种时候,迄今为止很大程度上被免于权力危机的影响。

不过,有一些孤立的实例。丰田在中国每年生产超过100万辆汽车的工厂集中在天津和广州,说它的一些操作一直受到电力短缺的影响。

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By Jeff Sutherland and Tom Hancock<\/strong>

The hit from China’s energy crunch<\/a> is starting to ripple throughout the globe, hurting everyone from Toyota Motor Corp. to Australian sheep farmers and makers of cardboard boxes.

Not only is the extreme
electricity shortage<\/a> in the world’s largest exporter set to hurt its own growth, the knock-on impact to supply chains could crimp a global economy struggling to emerge from the pandemic.

The timing couldn’t be worse, with the shipping
industry<\/a> already facing congested supply lines that are delaying deliveries of clothes and toys for the year-end holidays. It also comes just as China starts its harvest season, raising concerns over sharply higher grocery bills.

“If the electricity shortages and production cuts continue, they could become yet another factor causing global supply-side problems, especially if they start to affect the production of export products,” said Louis Kuijs, senior Asia economist at
Oxford Economics<\/a>.

Slower Growth<\/strong>
Economists have already warned of slower growth in China. At
Citigroup<\/a>, a vulnerability index indicates that exporters of manufactured goods and commodities are particularly at risk to a weakening Chinese economy. Neighbors like Taiwan and Korea are sensitive, as are metal exporters such as Australia and Chile, and key trading partners such as Germany are also somewhat exposed.

As for consumers, the question is whether manufacturers will be able to absorb higher costs or will pass them along.

“This is looking like another stagflationary shock for manufacturing, not just for China but for the world,” said Craig Botham, chief China economist at Pantheon Macroeconomics. “The price increases by now are pretty broad-based -- a consequence of China’s deep involvement in global supply chains.”

UN index of global food costs is at the highest in a decade
Beijing has been scouring for power supplies as it tries to stabilize the situation. The impact on the global economy will depend on how quickly those efforts bear fruit. Many Chinese factories reduced production for this week’s “Golden Week” holiday, and economists are closely watching whether power shortages will return as they ramp up again.

Already, though, some industries are under pressure, and the damage they’re seeing could quickly fan out to other sectors.
\"\"
<\/span><\/figcaption><\/figure>Paper<\/strong>
Consider paper. Production of cardboard boxes and packing materials was already strained by skyrocketing demand during the pandemic. Now, temporary shutdowns in China have hit output even harder, leading to a possible 10% to 15% reduction in supply for September and October, according to
Rabobank<\/a>. That will add further complications to businesses already suffering from the global paper shortage.

Food<\/strong>
The food supply chain is also at risk as the energy crisis makes harvest season more challenging for the world’s biggest agricultural producer. Global food prices have already jumped to a decade high, and worries are mounting that the situation will worsen as China struggles to handle crops from corn to soy to peanuts and cotton.

In recent weeks, several plants were forced to shut or reduce output to conserve electricity, such as soybean processors that crush beans to produce meal for animal feed and oil for cooking. Prices for fertilizer, one of the most important elements of agriculture, are skyrocketing, slamming farmers already buckling under the strain of rising costs.

The processing industry is set to be more severely affected than staples such as grains and meat, Rabobank analysts wrote in a report this week. In the dairy sector, power cuts could disrupt the operation of milking machines, while pork suppliers will face pressure from tighter supply of cold storage.

Wool<\/strong>
Outside of China, Australian sheep farmers are bracing for weaker demand just as they seek to sell their wool at auctions. The industry saw Chinese mills reduce production by up to 40% due to power cuts last week, Australian Broadcasting Corp. reported.

Tech<\/strong>
The tech world could also see a dramatic hit, given that China is the world’s biggest production base for gadgets from
iPhones<\/a> to gaming consoles, and a major center for the packaging of semiconductors used in autos and appliances.
\"\"
<\/span><\/figcaption><\/figure>Several companies have already experienced downtime at their Chinese facilities to comply with local restrictions. Pegatron Corp., a key partner for Apple<\/a>, said last month it began to adopt energy-saving measures, while ASE Technology Holding Co., the world’s biggest chip packager, halted production for several days.

The overall impact on the tech sector has so far been limited because of customary shutdowns around the week-long holiday. Should the energy crunch worsen, it could hit production ahead of the crucial year-end shopping season. Industry giants including
Dell Technologies Inc<\/a>. and Sony Group Corp.<\/a> can ill afford another supply shock after pandemic-induced turmoil fomented a global chip shortage that will extend well into 2022 and beyond.

Automakers<\/strong>
Any further deterioration of the semiconductor market would also add headaches for automakers, who have already seen production crunched by the chip shortage. The industry, which is high on the list of protected sectors in times like these, has thus far largely been spared from the effects of the power crisis.

Still, there have been some isolated instances. Toyota, which produces more than 1 million vehicles a year in China at plants centered around Tianjin and Guangzhou, has said some of its operations have been impacted by the power shortages.

(With assistance from Jasmine Ng, Debby Wu and Peter Vercoe)<\/em>
<\/body>","next_sibling":[{"msid":86857531,"title":"Now, China power crisis hits Indian handset industry","entity_type":"ARTICLE","link":"\/news\/now-china-power-crisis-hits-indian-handset-industry\/86857531","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"86858095","title":"Untitled-1","entity_type":"IMAGES","seopath":"small-biz\/trade\/exports\/insights\/chinas-energy-crisis-is-hitting-everything-from-iphones-to-milk\/untitled-1","category_name":"China's energy crisis is hitting everything from iPhones to milk","synopsis":"For consumers the question is whether manufacturers will be able to absorb higher costs or will pass them along.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-40938\/86858095.cms?width=150&height=112","link":"\/image\/small-biz\/trade\/exports\/insights\/chinas-energy-crisis-is-hitting-everything-from-iphones-to-milk\/untitled-1\/86858095"}],"msid":86858643,"entity_type":"ARTICLE","title":"China's energy crisis is hitting everything from iPhones to milk","synopsis":"The timing couldn\u2019t be worse, with the shipping industry already facing congested supply lines that are delaying deliveries of clothes and toys for the year-end holidays. ","titleseo":"telecomnews\/chinas-energy-crisis-is-hitting-everything-from-iphones-to-milk","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":770,"shares":0,"engagementtimems":3179000},"Alttitle":{"minfo":""},"artag":"Bloomberg","artdate":"2021-10-08 09:50:03","lastupd":"2021-10-08 09:50:42","breadcrumbTags":["energy crunch","iPhones","apple","electricity shortage","oxford economics","citigroup","rabobank","dell technologies inc","sony group corp.","Industry"],"secinfo":{"seolocation":"telecomnews\/chinas-energy-crisis-is-hitting-everything-from-iphones-to-milk"}}" data-news_link="//www.iser-br.com/news/chinas-energy-crisis-is-hitting-everything-from-iphones-to-milk/86858643">