Topic: Lobster Industry

1 chapters across the catalog

COVID Retrospective
Episode 1439 22:26 - 24:10

1439: COVID Retrospective

Global Supply Chain Disruptions, China Lockdown Effects

Major corporations including Starbucks, Toyota, and Google suspended operations in China as the country implemented massive lockdowns. The economic dampening was felt globally, with the Canadian lobster industry reporting a total loss of the Chinese market during the Lunar New Year. Analysts noted that China's role as the "world's factory" made the global economy more vulnerable than during the 2003 SARS outbreak.