Southeast Asia Summary: Apple Strengthens Supply Chain in Vietnam; COVID disrupts production
Apple is looking to recruit more managers to accelerate the development of its supply chain in Vietnam. Meanwhile, the worsening COVID pandemic in Southeast Asia is disrupting local production for many multinational companies.
Apple hires more staff to accelerate supply chain development in Vietnam
Since the beginning of June, Apple has posted 15 vacancies in Vietnam, seeking staff including Mechanical Quality Manager, Operations and Supply Chain Management, Business Analyst, Materials Manager, a camera module designer and an account manager, with the aim of developing the local supply chain.
Worsening COVID in Vietnam threatens to disrupt supply chains of multinational companies
As COVID-19 continues to spread, some major suppliers to multinational companies have been pressured into having their employees eat, stay and work in their factories or shut down production. Taiwanese motherboard maker ASRock estimates that its July revenue will be reduced by 5-20% after a temporary shutdown on July 19, while Samsung Electronics suspended work at three factories in Ho Chi Minh City.
Hyundai Motor and LGES establish battery company in Indonesia
Korean-language News1 reported that Hyundai Motor Group and LGES have signed an investment agreement with the Indonesian government to establish an electric vehicle (EV) battery joint venture. They will spend US $ 1.1 billion to set up a battery plant in Karawang, Java, Indonesia, with a target annual production capacity of 1 GWh, enough to supply more than 150,000 electric vehicles.
518 factories in Thailand see COVID infections
The Center for Covid-19 Situation Administration (CCSA) in Thailand has revealed that since April 1, the epidemic has affected 36,861 workers in 518 factories in 49 provinces of the country. The industry most affected is the food industry, with 99 factories affected by the outbreak, followed by 74 in electronics, 42 in clothing, 42 in metals and 36 in plastics.
Delta strain hits Southeast Asia, threatening multinational company operations
A new outbreak of the Delta variant in Southeast Asia is crippling the activity of local factories, impacting the supply of global commodities such as rubber gloves, semiconductors and SUVs, and threatening the recovery of the $ 3 trillion economy. German chipmaker Infineon, for example, expects the shutdown of its Malaysian plant to inflict heavy losses and affect the company’s automotive customers.
