Source: Wall Street
Under the continuing impact of the epidemic, Vietnamese factories are facing more and more workers, especially female workers, fleeing the city in panic, the resulting labour shortage has further exacerbated the Vietnamese factory and global supply chain crisis.
Le Thi My, an assembly line worker who makes yoga pants and Jordan shoes, is one of a wave of workers returning home in the industrial zone of southern Vietnam, which is hardest hit by the epidemic, according to Bloomberg. And with the recent relaxation of months-long travel restrictions that keep workers in cramped housing, millions of people are preparing to join the homecoming team.
After My left Ho Chi Minh City, she returned to her home in Taining province on the Cambodian border. She said:
We have almost nothing but fear. We saw that many people in our community died of COVID-19.
The Vietnamese government estimates that more than 2 million people may have left.
Factory production slows or closes, causing Nike IncWait for the company's production for months to be destroyed. Now, companies that are short of staff are begging employees like My to go back to work, as production of winter clothes and Christmas presents is usually at its peak.
Although the Vietnamese government has provided round-trip transportation and the company has raised wages and benefits, it has achieved little success. "Vietnamese factories are full of uncertainty," said Camilo Camilo Lyon, an analyst at BTIG, a US securities firm. Mr Lyon estimates that Nike Inc alone has cut the supply of 180 million pairs of shoes. "No one knows how fast or how slowly production will increase."
Small as it is, Vietnam plays an important role in the global consumer economy.Walmart IncFurniture,AdidasSneakers toSamsung ElectronicsThese products are all from Vietnam.
Vietnam is the second-largest supplier of clothing and footwear to the United States after China, and its importance has increased due to trade frictions in recent years, according to the American clothing and Footwear Association.
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