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Worker shortages across Vietnam, Malaysia, and Thailand may lead to big delays in holiday shipping this year

Added 10-15-21 01:14:02am EST - “Global supply chain snarls are wracking Southeast Asia as manufacturers face worker shortages due to the pandemic.” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “Worker shortages across Vietnam, Malaysia, and Thailand may lead to big delays in holiday shipping this year”. Below is an excerpt from the article.

A shortage of workers in several Southeast Asian manufacturing hubs is adding to the global supply chain crisis that is expected to wreak havoc on Christmas shipping.

Countries including Vietnam, Malaysia, and Thailand are still grappling with containment of the  COVID-19 virus, causing disruptions in the movement of the workforce required to produce goods.

"The rebound in economic growth in many of the world's largest consumer markets, including the US and EU, is boosting demand for ASEAN exports," Rajiv Biswas, chief economist for the Asia Pacific at research house IHS Markit, told Insider. 

But the labor crunch in affected areas will persist, he said, leaving low-wage industries like manufacturing and agriculture vulnerable until border restrictions are eased.

In Vietnam, factories making clothing, footwear, and electronics are now facing worker shortages after tens of thousands left the business hub of Ho Chi Minh City after months of strict lockdowns.

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