drkohler said:
Well for many people it already greatly affects their lives. Pretty much all airline operators are scaling back, some by 50%. The first British airline just went broke (probably would have anyways, but that is the shape of things to come for many of those small airlines if that virus is still active into summer) The first industries are running out of raw/intermediate material as China has significantly reduced its output (or not gone back to normal after Chinese new year ended). That's the bane of "just in time" western production, and relying on China delivering pretty much everything on time. Even Elon Musk will start to feel it when the rare earths are no longer coming from China. Let's not even mention, well let's do it anyways, all the shit that used to come from cheap online sites like Wish. |
I think China was already thinking about cutting rare earth metal exports to USA and the production slow down in China probably already has affected supply chains.
My girl works at Flex (contract manufacturing) and a few companies at site have either slowed or stop production at site due to lack of parts. I assume the auto industry is almost in same boat.