News & Feeds August 21, 2022

China just ran into something that could be even more devastating for its supply chains than COVID-19 lockdowns: A record heat wave

COVID-19 lockdowns in China threw a wrench into global supply chains earlier this year, causing shipping and production delays worldwide, and hindering economic growth. Now, the country is facing another major threat—and this one could be even worse for the economy. China has been coping with its worst heat wave in 60 years this month, with temperatures in several provinces routinely reaching 40°C (104°F). But one key province is experiencing the worst financial repercussions from the suffocating heat. In Sichuan, a regional manufacturing powerhouse that is home to more than 80 million people, the record hea