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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

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.


  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

‘China’s Motown’ is paralysed as Shanghai’s lockdown idles plants

Medical and Healthcare

  1. Dentsply Sirona, a dental and medical equipment manufacturer based in North Carolina

  2. Becton Dickinson, a New Jersey-based medical device manufacturer

  3. Danaher, a medical and industrial products manufacturer and services provider based in Washington, D.C.

  4. Zai Lab, a Shanghai-based pharmaceutical company

  5. Illumina, a California-based company that produces genetic analysis products

  6. Zimmer Biomet Holdings, an Indiana-based medical equipment manufacturer

  7. Zoetis, a New Jersey-based animal medicines and vaccines developer

Shanghai lockdown could cut China GDP by 3 per cent in April

Fashion and Cosmetics

  1. Shiseido, a cosmetics brand based in Japan

  2. LG Household & Health Care, a Korean household and personal care products manufacturer

  3. Under Armour, a clothing company based in Maryland

  4. PVH, an apparel company based in New York

China’s delivery drones fail to deploy, even during Shanghai’s lockdown

Home, Office and Other Consumer Products

  1. Fujifilm Holdings, a Japanese camera, imaging and document products provider

  2. Olympus, a Japanese camera and imaging products manufacturer

  3. Sony Group, a Japanese manufacturer of electronics products
  4. Daikin Industries, a Japanese air conditioning equipment manufacturer

  5. Monster Beverage, an energy drinks maker based in California

  6. Budweiser Brewing (Apac), based in Hong Kong

How China’s rigid Covid policy paralyses its manufacturing heartland

Industrial Materials, Components

  1. Minebea Mitsumi, a Japanese manufacturer of parts and devices for telecommunications, aerospace, automotive and household electrical appliance industries

  2. Microchip Technology, an Arizona-based semiconductor maker

  3. Mettler-Toledo International, an Ohio-based weight measuring equipment supplier

  4. Celanese, a Texas-based chemical and speciality materials producer

  5. Micro-Star International, a Taiwanese computer parts manufacturer

  6. Novatek Microelectronics, a Taiwanese circuit manufacturer

  7. SCG Packaging, based in Thailand

  8. Fuji Seiki, a Japanese manufacturer of plastic moulds and mouldings systems

  9. Aptiv, an Ireland-based vehicle components manufacturer

  10. Parker-Hannifin, an Ohio-based manufacturer of motion control products

  11. Air Products & Chemicals, a Pennsylvania-based manufacturer of gases
  12. Waters, a Massachusetts-based provider of liquid chromatography products and services

  13. Ingersoll Rand, a North Carolina-based firm which makes compression equipment

  14. Nidec, a manufacturer of small precision motors for commercial and industrial products

  15. TE Connectivity, a Pennsylvania-based manufacturer of electronic components for the telecommunications, automotive, computer and aerospace industries

  16. General Electric, a Massachusetts-based manufacturer of components for aircraft, cars and energy industries

  17. Avery Dennison, a California-based maker of tickets, tags and labels

‘Just in time’ morphs into ‘just in case’ as Covid-19 cuts supply chains

Logistics and Shipping

  1. Expeditors International of Washington, a logistics company based in Washington

  2. Royal Caribbean Cruises, a Florida-based cruise company