iPhone assembler Foxconn faces logistics disruptions amid China lockdowns
The contract manufacturer posted a 2.8% drop in revenue in April
By Shubhangi Mathur
Published - May 12, 2022, 08:04 PM ET
Last Updated - Feb 27, 2024, 02:21 PM EST
The largest iPhone assembler Foxconn Technology Group said on Thursday it faces logistics disruptions due to strict Covid-19 lockdowns in China.
Chairman Young Liu said on Thursday the company has relied on its supply-chain management expertise to keep production going even during Covid outbreaks, reported WSJ.
“Our team has put a lot of effort into arranging accommodation for employees and communicating with the local government,” Liu said on an earnings call.
Foxconn has been keeping tens of thousands of workers and other staff in or around the factory to continue manufacturing in China.
