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
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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
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Fashion and Cosmetics
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Shiseido, a cosmetics brand based in Japan
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LG Household & Health Care, a Korean household and personal care products manufacturer
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Under Armour, a clothing company based in Maryland
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PVH, an apparel company based in New York
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Home, Office and Other Consumer Products
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Fujifilm Holdings, a Japanese camera, imaging and document products provider
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Olympus, a Japanese camera and imaging products manufacturer
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Sony Group, a Japanese manufacturer of electronics products
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Daikin Industries, a Japanese air conditioning equipment manufacturer
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Monster Beverage, an energy drinks maker based in California
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Budweiser Brewing (Apac), based in Hong Kong
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Industrial Materials, Components
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Minebea Mitsumi, a Japanese manufacturer of parts and devices for telecommunications, aerospace, automotive and household electrical appliance industries
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Microchip Technology, an Arizona-based semiconductor maker
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Mettler-Toledo International, an Ohio-based weight measuring equipment supplier
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Celanese, a Texas-based chemical and speciality materials producer
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Micro-Star International, a Taiwanese computer parts manufacturer
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Novatek Microelectronics, a Taiwanese circuit manufacturer
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SCG Packaging, based in Thailand
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Fuji Seiki, a Japanese manufacturer of plastic moulds and mouldings systems
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Aptiv, an Ireland-based vehicle components manufacturer
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Parker-Hannifin, an Ohio-based manufacturer of motion control products
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Air Products & Chemicals, a Pennsylvania-based manufacturer of gases
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Waters, a Massachusetts-based provider of liquid chromatography products and services
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Ingersoll Rand, a North Carolina-based firm which makes compression equipment
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Nidec, a manufacturer of small precision motors for commercial and industrial products
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TE Connectivity, a Pennsylvania-based manufacturer of electronic components for the telecommunications, automotive, computer and aerospace industries
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General Electric, a Massachusetts-based manufacturer of components for aircraft, cars and energy industries
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Avery Dennison, a California-based maker of tickets, tags and labels
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Logistics and Shipping
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Expeditors International of Washington, a logistics company based in Washington
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Royal Caribbean Cruises, a Florida-based cruise company