More than 180 companies say they have been hit by China’s lockdowns to rein in Covid-19
- More than 180 companies around the world have mentioned terms including “China” and “lockdowns” in their first-quarter earnings calls or financial statements
- It’s a significant jump from fewer than 50 companies in the previous quarter
China’s zero-Covid policy is having far-reaching effects on global companies, with automakers, tech firms, fashion houses and even breweries feeling the brunt as the country’s weeks-long lockdowns paralyse major industrial hubs and disrupt supply chains.
More than 180 companies around the world have mentioned terms including “China” and “lockdowns” in their first-quarter earnings calls or financial statements, according to a Bloomberg News analysis of transcripts and filings. It’s a significant jump from fewer than 50 companies in the previous quarter, and the list is still growing as more firms report financial results in the days and weeks ahead.
Automakers
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Toyota Motor, based in Japan
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Tesla, based in Texas
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Honda Motor, based in Japan
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Tata Motors, based in India
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Volkswagen, based in Germany
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Ford Motor, based in Michigan
Medical and Healthcare
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Dentsply Sirona, a dental and medical equipment manufacturer based in North Carolina
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Becton Dickinson, a New Jersey-based medical device manufacturer
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Danaher, a medical and industrial products manufacturer and services provider based in Washington, D.C.
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Zai Lab, a Shanghai-based pharmaceutical company
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Illumina, a California-based company that produces genetic analysis products
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Zimmer Biomet Holdings, an Indiana-based medical equipment manufacturer
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Zoetis, a New Jersey-based animal medicines and vaccines developer