How Coronavirus affects on Mobile Phone industry
There are large numbers of the customers have noticed that a number of products have recently gone out of stock. The customers need to understand the full reasons behind the issue, what this really means to behind this issue and ongoing effect on the mobile phone industry. It affects the daily business routine of the customer
The coronavirus was first reported at the end of December 2019, at the same time of year, the Chinese people are making preparation for the Chinese New year. As per the usual industry practise before the shutdown 17th January to the 3rd of February.
Industry leader’s iShine trade purchase enough stock to supply to the distributors, suppliers and wholesale dealers. and various supply chains start shipping around mid-February. There are many Chinese workers head to their hometowns throughout china. Where the virus quickly passes from one person to another person’s, many of the persons returned to the cities and virus spread at a much higher rate. So, the Chinese government decided to close all the business until the 6th of March. So, The Chinese people become self-isolated and attempt to control the spread of the virus
The reason of this update to give clear information to give information to the customers about products shortage. , what our partners in china have communicated to us, it will enable you to understand more clearly, how this will affect, and how our stock will be a shortage, how will be overcoming these issues in the coming months. Our partners in China have communicated to us, so they are aiming to return to work after the 6th march, however, it would be changed. How much we are transparent in this dealing. iShine is highly recommended, that we will stock up in mobile phone parts and accessories.
How does this Affect the supply of the mobile device parts in the industry?
There are many companies in the industry have purchased enough stock to last the standard supply chains have entered to work after the Chinese new year. When the 3rd of February came, the panic arises from buying the products. When the regular supplies run out. When the buyers look for the other suppliers for buying the products. It creates an unprecedented amount of orders, which has caused a panic across the industry when the regular supplies are run out, which has caused a supply strain on many of the people. Although we usually hold stock on the previous sales volume and last us through the mid-march due to the extras orders, Which has even caused us to run low on certain lines? We can take the numbers of steps to purchase parts from the other sources some supplier around Europe have claimed to return to work on the limited amount of staff.
We have gathered the information that there will be no new material expected to arrive soon. Many of the LCD, touch screen, which are used in the market and produced in and around china.it is one of the highest levels of quarantined areas. The people face the problem of shortage of material. It will also lead to an increase in the price of mobile phone accessories and parts. It will likely last until May or June 2020. The production will start to stabilize price two or three months to where they were before.