Cyclone Michaung Affects Chennai Manufacturers: Investors In Apple, Google, Cisco, Dell And Nokia Take Note
Portfolio Pulse from Surbhi Jain
Cyclone Michaung has disrupted manufacturing operations in Chennai, affecting suppliers to major tech companies like Apple, Dell, and Nokia. While most companies have resumed production, the cyclone's impact could have short-term implications for these companies' supply chains. Apple's suppliers Foxconn, Salcomp, Luxshare, and Pegatron, as well as Dell, Nokia, and Cisco, which have significant operations in the area, are particularly noteworthy. Google's expansion plans with Alphabet CEO Sundar Pichai's discussions and partnership with HP for Chromebook manufacturing in India are also highlighted.
December 08, 2023 | 2:00 pm
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NEGATIVE IMPACT
Apple's suppliers Foxconn, Salcomp, Luxshare, and Pegatron in Chennai have been affected by Cyclone Michaung, potentially impacting Apple's supply chain and product availability.
The disruption in Apple's supply chain due to the cyclone could lead to delays in product manufacturing and availability, potentially affecting Apple's short-term revenue and stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Cisco's plans to establish a manufacturing plant in Chennai may face delays or complications due to the cyclone's impact on the region.
Cisco's upcoming manufacturing plant in Chennai could experience setbacks due to the cyclone, potentially affecting their strategy to diversify the global supply chain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Dell's operations in Chennai's Irungattukottai area have resumed after the cyclone, but there may be short-term effects on production and supply.
Although Dell has resumed production, the interruption caused by the cyclone could have short-term consequences on supply and manufacturing efficiency.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Nokia's large factory in Chennai, a key site for telecom infrastructure equipment production, has faced disruptions due to the cyclone.
Nokia's production of telecom infrastructure equipment, including 4G and 5G networks, could be affected in the short term, impacting revenues and potentially the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Alphabet's discussions to expand electronics manufacturing in India and partnership with HP for Chromebook manufacturing may be influenced by the cyclone's impact on the region.
While not directly affected by the cyclone, Alphabet's future plans for manufacturing in the region could be indirectly influenced by the overall impact on Chennai's industrial areas.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50