The surge in COVID-19 infections across China has hit the country’s large meat processing industry, adding to signs of growing disruption from Beijing’s abrupt lifting of virus restrictions.
Zhu Di, an analyst at Guangfa Futures, said pig slaughter rates have fallen over the past week, indicating a labor shortage at meat factories.
Meat producers said employee attendance and production were highly erratic as workers were infected around the same time.
The situation is similar to what happened in other countries early in the pandemic.
Meat plants have been hot spots for Covid-19 outbreaks across the United States and Europe, in part due to high worker densities in indoor environments and long hours of close contact between personnel on production lines.
Cryptocurrency miner CEO resigns
Cryptocurrency miner Bitfarms has announced that CEO Emiliano Grodzki has stepped down and will be replaced by current Chief Operating Officer Jeffrey Morphy.
The Toronto-based miner was one of the first public companies to begin using specialized computers to secure the Bitcoin network and earn rewards on digital assets.
The company is one of the largest miners with an operational capacity of 182 megawatts and has mining facilities in the United States, Canada, Argentina and Paraguay.
Cryptocurrency miners such as Bitfarm are struggling to survive as the mining industry sees the digital asset market plummeting.