Entering period that will be tougher for US-China relations: China Beige Book CEO
China Beige Book CEO Leland Miller on rising tensions between the U.S. and China and halting travel between both countries.
Manufacturers emerging from weeks in hibernation during the coronavirus pandemic are accelerating production with jumbled supplychains and less efficient plants, making it harder to rebuild the weakened U.S. industrial sector.
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Some U.S. factories are looking for alternative suppliers to compensate for plants that remain closed or are overwhelmed by orders for items in high demand. Other companies say new protective equipment and procedures to add space between workers will weigh on their profits and productivity.
CHINA DELAYED RELEASING KEY CORONAVIRUS INFORMATION, FRUSTRATING WHO
Meanwhile, many manufacturers are encountering bleak conditions in industrial markets that have shrunken with the contracting U.S. economy. Durable-goods orders in the U.S. are at the lowest level in a decade, and surveys of purchasing managers at manufacturers in the U.S., Europe and Asia suggest any recovery in the months ahead could be tentative.
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