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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

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The entrance to a noodle store is locked and sealed in the Jing’an district of western Shanghai on April 4, 2022. Photo: AP
Bloomberg

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

  1. Toyota Motor, based in Japan
  2. Tesla, based in Texas
  3. Honda Motor, based in Japan
  4. Tata Motors, based in India

  5. Volkswagen, based in Germany
  6. Ford Motor, based in Michigan

Medical and Healthcare

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