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Widespread Power Outages in China Have Apple Suppliers 'Scrambling' to Keep Production on Track
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We must destroy the global economy and supply chains to... uh... save the world! Calling CO2 a pollutant and our reaction to it will = us destroying ourselves in the name of saving ourselves.
All part of a great reset. The pandemic just accelerated it ….makes ya think…..
Yes, a very delicate balance. The balance that is being completely destroyed because humans seem to think we can save the earth. The price to pay (no availability of food, or anything for that matter) is not a small one. It is irrational and we are just seeing the beginning of the consequences of this thinking.
Ether you destroy part of the economy short term… or you destroy the whole economy long term later.
Nope. It’s the fact we are stuck between a rock and a hard place. Had we invested in nuclear earlier without the fear mongering we would have gotten rid of coal a long time ago
If you actually read it you can see apple is effectively earning less money every year since 2015 in a downward trend. But that’s what happen when phones cost one grandApple and their financial statements beg to differ. Check out these revenues:
Infographic: How Important Is China for Apple?
This chart shows how much revenue Apple generates in China.www.statista.com
Because they are having arguments with Australia. Australia has the best coal in the world and the biggest supplier to them but they are restricting everything they are purchasing from us.
Which is like 80% of them. And manufacturing has to happen somewhere or there will be no goods for customers to purchase and every company will die. If China doesn’t want to take this role, somebody else will have to. It’s just how it works. It’s going to be interesting to see how it goes, especially when everyone now has an idea what China truly is.
Who cares? Some will lose during the transition, or are we going to face air quality crisis and energy crisis, which will cost more?
Yes, but for companies like apple, their bottom line has to be hurt so hard for them to realise their mistake. It’s just critical mass thing.
Yeah, these are times that we Westerners are loosing our comfort and all the benefits and accomplishments from the western way of life. Almost the same times as depicted in the first Mad Max movie, where civilized societies were slipping into lawlessness and shortages of fuel and resources.
Well from things I have read our veneer of civilization is quite thin and those early movies are quite prophetic in my view understanding human nature
Another unnamed Apple supplier said that local governments are deciding who to give electricity to based in part on the value of the products being made.
As nationalism rises, including within China, I wouldn't be surprised to hear that the CCP decided that making products for citizens of the United States is of low value.
As nationalism rises, including within China, I wouldn't be surprised to hear that the CCP decided that making products for citizens of the United States is of low value.
Some? We can adapt to a couple of degrees temperature change (which will happen with or without human activities). We cannot adapt without fossil fuels in the near-mid-term.
Forcing this madness as if some central planner will figure it all out will be far more catastrophic than any temperature change.
This is just the beginning…
So we learn by listening to the fear mongers of today?
I’d say 30%, and the participants are close to retirement age.
If it takes 5 trillion dollars in electricity cost to mine 1 Bitcoin, no one will.
Dirty industries can move to where the produc is consumed. This will be the eventual equilibrium.
I don’t think this “role” is something to be cherished.
Like China wants to move up the value chain, invest in R&D, produce original IP, liberate slave labour, protect the environment, and minimize global warming? Yeah, it’s exciting to behold.
You are right that stuff needs to be built in a cost-efficient manner, instead of $5trillion per bitcoin matter. But managing cost is not my talking point. The point is things needs to be manufactured somehow so it becomes a product customers can consume.
As for "dirty industries can move to where the product is consumed", I'm sorry but that's exactly why companies move manufacturing away from where the product is consumed to ultimately save the cost.
And you talk about "cherishing" manufacturing? How about cleaner? Health worker taking care of patients? Plummer fixing pipes and stuff? Those jobs need to be done somehow. You don't do it, someone else will have to do it. Everyone will have a role in this complex system, however small it might be.
Yeah, being manufacturing for the world for 20 years and now they think about moving up the value chain. That doesn't mean manufacturing is magically going away and no longer required. But you are right, it is exciting to see how the whole thing pans out.
No, you missed my point.
I’m saying if something is expensive enough environmentally, such as Bitcoin mining, the financial costs must reflect the environmental impact, then, those polluting activities will stop.
I want Bitcoin mining involution to stop, not electricity to be cheaper.
Not all of them. We shouldn’t consume anything we want irrespective of the environmental impacts.
Things that don‘t make environmental sense should be regulated through policy or market so that they don’t make financial sense.
And the buffet is over in China.
Don’t gift something you don’t wish to be gifted.
The key is value added.
Advanced technology, Medical Sciences, pharma, education, research, entertainment, service, etc.
Again, local supply should meet demand. Otherwise, it’s Economic Slavery.
Manufacturing is not going away in China. The difference is manufacturing for whom.
It used to be that the most labour intensive and lowest value added part of the manufacturing is done in China, while the creative and technological part is done elsewhere.
Now, I think the goal is to own the entire value chain. From designing a luxury brand product such as an iPhone, to its software and chips, etc., all done in China. The mining of minerals, etc., can happen elsewhere.
This doesn’t mean China will not import, but would be on a more equitable level in terms of value added.
COVID is leading to quite some people rethinking what they want, but money talks, and as always. Lobbyists of "dirty energy" will continue to lobby the government so that they will remain relevant for as long as they could get away with, regardless of whether it makes environmental sense or not.
Avocado, for example, carries a massive environmental cost when producing them, yet they are not $60/ea. Go figure.
Bitcoin is a bit of an outlier I'd argue, but financial costs rarely reflect the environmental impact. After all, unless climate change happens literally daily (sea level rising 0.5m every day for example), polluting activities will not stop.
As for the cost, almost all "green", "clean", "responsible" stuff carries a premium, whether they truly are what they meant or not. Unless those billionaires carry their duty towards society (which is unlikely) and subsidise more environmental friendly stuff, nothing much will change. After all, who wants to give away $1b to people who will never benefit me in any shape or form?
But China has given other people a strong enough impression of "affordable" labour with a comprehensive system supporting mass production in a timely manner, something other countries can't easily reproduce in a year or two. China made itself into the world manufacturing center, and changing this will cost a lot. I don't know who is going to pay for it.
None of which listed above addresses essential needs: food, shelter, air, water. But maybe other areas not listed here could revolutionise how basic needs are being addressed.
Meet who's demand? Local demand? Overseas demand? Or both with a delicate balance?
And become self-sufficient economic power that can survive on its own in this world, risking being excluded from the world economy? Wow, this is an ambitious goal to achieve.
Yeah that industrial system is thanks to the west that has invested and transferred knowledge. There's no reason it cannot be replicated elsewhere.