Durable Producers Start Stock : China is facing many cases of increasing infection of Coronavirus in China. The same Consumer Durable Industry has started stocking raw materials to deal with any disruption in supply from China. Usually these factories used to stock only for 1 month, but considering the situation, now they have started stocking for at least 2-3 months.
Know what is the reason
in china corona virus Due to this, the manufacturers of consumer durables in the country are very concerned about the problems faced in the supply chain. Manufacturers have started storing raw materials to avoid the crisis. The global supply chain has been disrupted once again due to the deepening of the Kovid crisis in China.
Indian industry will be affected
According to sources, with the Chinese New Year holidays starting from January 20 in the third week of January, if the factories there do not start full production in February, then the Indian industry will once again face problems related to the supply chain. may have to face.
These businesses will be affected
According to media reports, manufacturers of consumer durable products keep stock of raw material for 1 month but now they are increasing it according to the requirement of at least 2-3 months. Any possible disruption in the supply chain could affect product categories such as air conditioners and LED TV panels. If sources are to be believed, in the last few years, the appliance industry has reduced its dependence on China for the supply of raw materials. Despite this, there is a lot of dependence on China in some categories like air conditioners. About 40 to 45 percent components of air-conditioners come from China only. This includes a large portion of compressors.