Why You Can Be Forced To Get The Covid Vaccine

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/03/106861442-1617109790988-Apple_wwdc21_newsroom_article_tile_033021_bigjpglarge.jpg" alt="" class="wp-image-400538" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/03/106861442-1617109790988-Apple_wwdc21_newsroom_article_tile_033021_bigjpglarge.jpg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2021/03/106861442-1617109790988-Apple_wwdc21_newsroom_article_tile_033021_bigjpglarge-300x169.jpg 300w" sizes="auto, (max-width: 740px) 100vw, 740px" /><figcaption>Apple WWDC 2021 Apple</figcaption></figure>



<a href="https://www.cnbc.com/quotes/AAPL" target="_blank" rel="noreferrer noopener">Apple</a>&nbsp;<a href="https://www.apple.com/newsroom/2021/03/apples-worldwide-developers-conference-is-back-in-its-all-online-format/" target="_blank" rel="noreferrer noopener">announced on Tuesday</a>&nbsp;that its annual developers conference will begin June 7. Like last year, it’ll be online-only due to the ongoing Covid-19 pandemic. The event runs through June 11 and is free for developers to attend.



Apple typically unveils its new iPhone, iPad, Apple Watch, Apple TV and Mac software on the first day of the WWDC, as the event is known. It sometimes uses the events to introduce new hardware products, too, especially those that will take advantage of the new software features.



The event is focused around developers who build apps for Apple’s products. However, it’s often the first time the public gets a sneak peek at new features coming to their devices. Typically, the software announced in June is released in beta form before final launch in the fall.



In 2020, Apple said it was transitioning from&nbsp;<a href="https://www.cnbc.com/quotes/INTC" target="_blank" rel="noreferrer noopener">Intel</a>&nbsp;processors to its own in-house chips. It announced the&nbsp;<a href="https://www.cnbc.com/2020/11/10/apple-event-live-updates.html">first computers to use its M1 processors&nbsp;</a>that November. But, during WWDC 2020, it showed an example of how powerful its new chips are. It also announced iOS 14 for iPhones, iPadOS 14, watchOS 7, its Big Sur macOS update and new Apple TV software. In 2019, Apple used the event to&nbsp;<a href="https://www.cnbc.com/2019/06/03/everything-apple-announced-at-wwdc-2019.html">unveil the Mac Pro</a>, its most powerful computer ever, targeted at creative professionals such as movie editors.



Reports have recently suggested Apple will announce new hardware products before WWDC 2021. New&nbsp;<a href="https://www.cnbc.com/2021/03/17/apple-reportedly-preparing-high-end-ipads-could-launch-by-april.html">iPads are expected in April</a>, for example. But, the company is also due to refresh its iMacs and other computers with its new processor. So, it might make sense for Apple to introduce those new products in June if they don’t come earlier.

106861442-1617109790988-Apple_wwdc21_newsroom_article_tile_033021_bigjpglarge

Apple expected to unveil new iPhone, Mac and Watch software June 7 in virtual event

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/03/106861452-1617110909422-Xiaomi_Mi_Mix_Fold_.jpeg" alt="" class="wp-image-400533" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/03/106861452-1617110909422-Xiaomi_Mi_Mix_Fold_.jpeg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2021/03/106861452-1617110909422-Xiaomi_Mi_Mix_Fold_-300x169.jpeg 300w" sizes="auto, (max-width: 740px) 100vw, 740px" /><figcaption>Xiaomi CEO Lei Jun unveils the Mi Mix Fold foldable smartphone at a virtual event on Tuesday, March 30, 2021. Xiaomi</figcaption></figure>



GUANGZHOU, China —&nbsp;<a href="https://www.cnbc.com/quotes/1810-HK" target="_blank" rel="noreferrer noopener">Xiaomi</a>&nbsp;launched its first foldable phone on Tuesday as it looks to push further into the premium end of the smartphone market and challenge the likes of&nbsp;<a href="https://www.cnbc.com/quotes/undefined" target="_blank" rel="noreferrer noopener">Samsung</a>.



The Mi Mix Fold has an 8.01-inch display when fully open. And when closed, it has a screen on the back. It also contains the Surge C1, Xiaomi’s first in-house camera chipset.



Other key features include:



<ul class="wp-block-list"><li>Four speakers made by Harman Kardon.</li><li>A Qualcomm Snapdragon 888 mobile processor.</li><li>5G-connectivity.</li><li>Triple-lens camera.</li></ul>



The Mi Mix Fold will start at 9,999 Chinese yuan ($1,521) and go up to 10,999 ($1,673). A special edition version of the phone with a special ceramic casing will retail at 12,999 yuan ($1,978).



Xiaomi follows a number of smartphone makers including Samsung and Huawei into the foldable phone category.



Ben Wood, chief analyst at CCS Insight, said the slew of foldable smartphones, “reflects the urgency” from phone makers to differentiate their premium devices.



“This remains a highly experimental segment where Samsung is leading the charge and it is interesting to see all the different approaches from various players,” Wood said.



“Foldables remain an experimental niche. Although Xiaomi’s new device will generate lots of interest, it is still unclear how to take the design concept to mass-market consumers. I expect several more generations of experimentation.”



<h2 class="wp-block-heading" id="h-xiaomi-camera-chip">Xiaomi camera chip</h2>



The Mi Mix Fold contains a camera chip called the Surge C1 which was designed by Xiaomi. It’s the Chinese firm’s first image chip and CEO Lei Jun claims it “greatly improves” the image quality of photos taken with the foldable device.



He talked up the ability to take images in low light.



Lei said Xiaomi has been working on chips since 2014. In 2017, <a href="https://www.cnbc.com/2017/02/28/xiaomis-flagship-mi-5c-smartphone-to-be-powered-by-first-in-house-chipset.html">the company launched the Surge S1</a>, its first smartphone processor which ended up being used in a mid-range device called the Mi 5C.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/03/106861455-1617111038906-Xiaomi_Surge_C1.jpeg" alt="" class="wp-image-400534" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/03/106861455-1617111038906-Xiaomi_Surge_C1.jpeg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2021/03/106861455-1617111038906-Xiaomi_Surge_C1-300x169.jpeg 300w" sizes="auto, (max-width: 740px) 100vw, 740px" /><figcaption>Xiaomi CEO Lei Jun unveils the company’s first camera chipset called the Surge C1, during an event on Tuesday, March 30, 2021. It will feature in the company’s Mi Mix Fold smartphone. Xiaomi</figcaption></figure>



Xiaomi joins the likes of&nbsp;<a href="https://www.cnbc.com/quotes/AAPL" target="_blank" rel="noreferrer noopener">Apple</a>&nbsp;and Samsung in focusing on chip design. While it still uses Qualcomm processors in its high-end phones, the launch of the Surge C1 highlights its ambitions in the semiconductor space.



The U.S.-China trade war has&nbsp;<a href="https://www.cnbc.com/2021/03/05/china-to-focus-on-frontier-tech-from-chips-to-quantum-computing.html">accelerated Beijing’s push to become more self-reliant on semiconductors</a>. A number of Chinese technology companies including Baidu and Alibaba have been&nbsp;<a href="https://www.cnbc.com/2021/03/16/baidu-ai-chip-unit-valued-at-2-billion-after-funding.html">focusing on semiconductor design</a>.



Xiaomi’s Lei hinted at more to come from its chip unit.



“We want to climb the high peak of innovative technologies … and we will not stop our exploration (of chips),” Lei said in Mandarin, according to an official English translation.



<h2 class="wp-block-heading">Xiaomi’s high-end push</h2>



Xiaomi has made its name and grown through selling high-spec phones at low prices. But now it is pushing into the premium segment of the market.



The Mi Mix Fold is part of that effort and follows&nbsp;<a href="https://www.cnbc.com/2021/03/29/xiaomi-mi-11-ultra-price-features-specs-availability-.html">the launch of the Mi 11 Pro and Mi 11 Ultra on Monday</a>.



Xiaomi now has smartphones priced from 3,299 yuan to 12,999 yuan, according to Lei.



That could help the company appeal to a wider range of users across different price segments in its attempt to challenge Apple and Samsung, the two largest smartphone players.



Xiaomi is trying to attract users with premium services that go with the Mi Mix Fold. Buyers of the foldable device will be able to get perks including cheaper screen repair for the first break and a dedicated customer service assistant.

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<figure class="wp-block-image"><img decoding="async" src="https://image.cnbcfm.com/api/v1/image/106861278-1617089369431-gettyimages-1212884827-vcg111275609237.jpeg?v=1617089530&amp;w=678&amp;h=381" alt="A staff member checks information of a woman who just finishes her quarantine at a quarantine center on March 16, 2020 in Shanghai, China."/><figcaption>A staff member checks information of a woman who just finishes her quarantine at a quarantine center on March 16, 2020 in Shanghai, China. China News Service | China News Service | Getty Images</figcaption></figure>



Global leaders have published a letter calling for a pandemic treaty to improve cooperation and transparency in the case of future outbreaks, but China and the U.S. were not among the signatories.



<a href="https://www.faz.net/aktuell/politik/inland/nach-covid-ein-vertrag-zur-pandemiebekaempfung-17269543-p2.html" target="_blank" rel="noreferrer noopener">In the joint letter,</a>&nbsp;published Tuesday in newspapers around the world, the leaders argued that the Covid-19 crisis had posed the “greatest challenge for the global community since the late 1940s.”



The document was signed by more than 20 global leaders and officials from across Europe, Africa, South Africa and Asia, including U.K. Prime Minister Boris Johnson, French President Emmanuel Macron and German Chancellor Angela Merkel.



However, both China and the U.S. — which have locked horns numerous times during the pandemic,&nbsp;<a href="https://www.cnbc.com/2020/03/19/coronavirus-outbreak-trump-blames-china-for-virus-again.html">with accusations of a lack of transparency</a>,&nbsp;<a href="https://www.cnbc.com/2020/02/03/coronavirus-china-reportedly-says-us-has-spread-fear-over-outbreak.html">propaganda</a>&nbsp;and&nbsp;<a href="https://www.cnbc.com/2020/04/01/coronavirus-china-hid-extent-of-outbreak-us-intelligence-reportedly-says.html">misinformation</a>&nbsp;— were missing from the list.



When questioned about the absence of China and the U.S. from the letter, the World Health Organization’s Director General Tedros Adhanom Ghebreyesus (one of the signatories and main champions of a treaty) played down concerns.



“I don’t want it to be seen as a problem, it wasn’t even a problem,” he said during a press briefing Tuesday morning. “When the discussion on the global pandemic treaty starts, all member states will be represented.”



“Mainly it’s like an opt-in (process). Countries who were interested were flagging to join, but in some instances were also inviting regional representation,” he added.



The WHO’s director general said discussions with member states, including the U.S. and China, had been “positive,” but did not confirm whether the U.S. and China (as well as Russia, another notable absentee) had been asked directly if they wanted to sign the letter.



<h2 class="wp-block-heading" id="h-what-was-in-the-letter">What was in the letter?</h2>



Within the letter, global leaders expressed the hope “that we can build a more robust international health architecture that provides better protection for future generations.”



“There will also be&nbsp;pandemics&nbsp;and other serious health crises in the&nbsp;future.&nbsp;No national government or multilateral organization can face such a threat alone. It is only a matter of time when the time comes again.”



The WHO’s director general as well as European Council President Charles Michel,&nbsp;<a href="https://www.cnbc.com/2021/02/17/covid-origin-global-pandemic-treaty-proposed-amid-china-mistrust.html">one of the first officials to call for an international agreement aimed at tackling future pandemics</a>, also signed the letter.



The press briefing on Tuesday morning comes ahead of the WHO’s expected presentation of its joint investigation with China into the origins of the Covid-19 pandemic, which is largely expected to reiterate initial findings presented last month.



In February,&nbsp;<a href="https://www.cnbc.com/2021/02/09/who-outlines-wuhan-findings-on-origins-of-covid-pandemic.html">the WHO-China team of experts reported that the coronavirus “most likely” originated in animals</a>&nbsp;before spreading to humans and dismissed a theory that the disease had been leaked by a laboratory in the Chinese city of Wuhan.



<figure class="wp-block-image"><img decoding="async" src="https://image.cnbcfm.com/api/v1/image/106837518-1612862683720-gettyimages-1230831691-AFP_8ZP62F.jpeg?v=1612862764&amp;w=678&amp;h=381" alt="Members of the World Health Organization (WHO) team investigating the origins of the Covid-19 coronavirus pandemic leave The Jade Hotel on a bus after completing their quarantine in Wuhan, Chinas central Hubei province on January 28, 2021."/><figcaption>Members of the World Health Organization (WHO) team investigating the origins of the Covid-19 coronavirus pandemic leave The Jade Hotel on a bus after completing their quarantine in Wuhan, Chinas central Hubei province on January 28, 2021.HECTOR RETAMAL | AFP | Getty Images</figcaption></figure>



There were unanswered questions over whether the team had been able to fully investigate the matter, however, given delays in the investigation (the team of experts led by WHO went to China in early 2021, more than a year after the pandemic first emerged) and China’s acute sensitivity over the pandemic.



Beijing has refuted accusations that it withheld information and was slow to warn global health agencies of the new coronavirus when it emerged, and has vehemently denied that it was to blame for the initial outbreak that has gone on to severely damage the global economy and kill nearly 2.8 million people so far.



According to&nbsp;<a href="https://www.cnbc.com/2021/03/29/draft-of-joint-who-china-study-says-animals-likely-source-of-covid-.html">a draft copy obtained by The Associated Press</a>, the conclusion of the&nbsp;joint WHO-China study set to be released later Tuesday will reiterate its initial findings that the virus most likely originated in animals, and will propose further investigation into every scenario — except for the lab leak hypothesis.



<h2 class="wp-block-heading" id="h-need-for-more-transparency">Need for more transparency</h2>



Transparency, or a lack thereof, has been a persistent bugbear throughout the coronavirus pandemic, a global health crisis that few governments appeared prepared for.



The U.K. has already said it will launch a new health security agency to ensure that the country is ready for any future pandemics. The lack of international coordination during the pandemic has also appeared to be stark, with vaccine supply and distribution the latest source of acrimony between countries, particularly between the EU and U.K.



The international leaders now calling for an international pandemic treaty say the main objective of the agreement would be “to promote a nationwide and societal approach that strengthens national, regional and global capacities and resilience to future pandemics.”



<figure class="wp-block-image"><img decoding="async" src="https://image.cnbcfm.com/api/v1/image/106324304-1578402745223gettyimages-1163599132.jpeg?v=1578402815&amp;w=678&amp;h=381" alt="Chancellor Angela Merkel (CDU) stands between Boris Johnson (l), Prime Minister of Great Britain, and Emmanuel Macron, President of France, at the beginning of the summit."/><figcaption>Chancellor Angela Merkel (CDU) stands between Boris Johnson (l), Prime Minister of Great Britain, and Emmanuel Macron, President of France, at the beginning of the summit. Picture alliance</figcaption></figure>



The system proposed would see increased international cooperation in order to improve warning systems, the shared use of data and research, as well as the “local, regional and global development and distribution of measures in the field of medicine and public health, e.g. vaccines, drugs, diagnostics and personal protective equipment.”



Perhaps equally as important, the treaty would seek to foster “more transparency, cooperation and responsibility” among signatories, leaders hope.



“Such a treaty would lead to more mutual accountability and shared responsibility, transparency and cooperation in the international system in accordance with its rules and norms,” they said.



“To do this, we will work with world leaders and all stakeholders including civil society and the private sector.&nbsp;We believe that, as heads of state and government and heads of international institutions, we have a responsibility to ensure that the world learns the lessons of the Covid-19 pandemic.”



The Group of Seven (G-7) of industrial nations, is expected to explore the pandemic treaty idea further at a summit in Cornwall, in the U.K., in June.

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<figure class="wp-block-image is-resized"><img loading="lazy" decoding="async" src="https://image.cnbcfm.com/api/v1/image/106859216-16166717552021-03-25t104834z_257028962_rc2aim9q3js9_rtrmadp_0_egypt-suezcanal-ship.jpeg?v=1616671847&amp;w=678&amp;h=381" alt="Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 25, 2021." width="831" height="467"/></figure>



The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyd’s List.



Lloyd’s values the canal’s westbound traffic at roughly $5.1 billion a day, and eastbound traffic at around $4.5 billion a day. The blockage is further stressing an already strained supply chain, said Jon Gold, vice president of supply chain and customs policy for the National Retail Federation.



“Every day that the vessel remains wedged across the canal adds delays to normal cargo flows,” he said, adding that the trade group’s members are actively working with carriers to monitor the situation and determine the best mitigation strategies. “Many companies continue to struggle with supply chain congestion and delays stemming from the pandemic. There is no doubt the delays will ripple through the supply chain and cause additional challenges.”



The Suez Canal, which separates Africa from Asia, is one of the busiest trade routes in the world, with approximately 12% of total global trade moving through it. Energy exports like liquified natural gas, Crude oil, and refined oil make up 5% to 10% of global shipments. The rest of the traffic is largely consumer products ranging from fire pits to clothing, furniture, manufacturing, auto parts and exercise equipment.



“The key to this problem hinges on how much longer it will take to move the Ever Given,” explained Alan Baer, President of logistics provider, OL USA LLC. “USA importers face arrival delays of three days right now and this will continue to grow as long as the disruption continues.”



<h2 class="wp-block-heading" id="h-horn-of-africa">Horn of Africa</h2>



The Suez has provided some relief for global importers as they increasingly relied on it last year to avoid massive congestion at West Coast ports in the U.S. that added days, if not weeks, to some deliveries coming from Asia.



Baer, who has containers on vessels stuck in both lanes of the Suez Canal, said if it stays closed, vessels will be diverted and go around the horn of Africa, which adds an additional seven to nine days to a trip.



According to BIMCO, the largest of the international shipping associations representing shipowners, the bottleneck will only continue to grow and impact supplies.



“Everyone is making contingency plans as we speak,” said Peter Sand, chief shipping analyst at BIMCO.



<figure class="wp-block-image"><img decoding="async" src="https://image.cnbcfm.com/api/v1/image/106859381-1616683535914-Ships_waiting_to_transit_the_Suez_canal.png?v=1616683601&amp;w=678&amp;h=381" alt=""/><figcaption>BIMCO</figcaption></figure>







“Carriers run a third of their Asia trade strings to the U.S. East Coast via the Suez and two-thirds via Panama Canal,” said Baer. “Disruption is also hitting the import trade from India as well as the Middle East.”



<h2 class="wp-block-heading" id="h-clearing-the-backlog">Clearing the backlog</h2>



According to the World Shipping Council, the Suez canal’s daily vessel throughput capacity is 106. If the canal is closed for two days, it will then take two additional days after re-opening to clear the backlog.&nbsp; The longer the delay, the longer it will take to move out the vessels.



Lars Jensen, CEO of Sea Intelligence Consulting, tells CNBC the schedule reliability for container vessels is already in disarray as a result of the pandemic.



“Right now two out of three container vessels arrive late,” he explained. “And when they are late, they are on average five days late,” he said, adding that a two-day delay isn’t a major problem. “However, the longer this drags out, the worse it gets because you are then talking about effectively removing vessel capacity as well as containers at a point in time where they are already in short supply.”



Stranded container ship Ever Given, one of the world’s largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 25, 2021.Suez Canal Authority | Reuters



<h2 class="wp-block-heading" id="h-inventory-impact">Inventory impact</h2>



In addition to delaying thousands of containers loaded with consumer items, the stranded ship has also tied up empty containers, which are key for Chinese exports.



“Containers are already scarce in China and the backup in the Suez will further stress the inventory,” explained Jon Monroe, maritime trade and logistics consultant with Jon Monroe Consulting. “We are back to a pre-Chinese New Year environment where factories are running at full steam and are struggling to find containers as well as space for their finished goods.”



This delay will impact the arrival of U.S. imports that fill store shelves as well as U.S. manufacturing components.



“Before the Suez Canal disruption, we were expecting the container situation to get worse in April because we were already seeing the scarcity of containers,” said Monroe. “This canal closure will not help. You will start to see product piling up on factory floors.”



<h2 class="wp-block-heading" id="h-consumer-demand">Consumer demand</h2>



Chinese manufacturers are responding to the tremendous global orders for their goods. Pandemic lockdowns have fueled consumer demand over the last year. As a result, a continuous historic flow of vessels holding millions of containers is clogging ports and slowing down processing. The delays have been costly.



<a href="https://www.cnbc.com/quotes/NKE" target="_blank" rel="noreferrer noopener">Nike</a>&nbsp;along with retailers<a href="https://www.cnbc.com/quotes/CROX" target="_blank" rel="noreferrer noopener">&nbsp;Crocs,</a>&nbsp;<a href="https://www.cnbc.com/quotes/GPS" target="_blank" rel="noreferrer noopener">Gap</a>,&nbsp;<a href="https://www.cnbc.com/quotes/PTON" target="_blank" rel="noreferrer noopener">Peloton</a>,&nbsp;<a href="https://www.cnbc.com/quotes/FL" target="_blank" rel="noreferrer noopener">Footlocker</a>,&nbsp;<a href="https://www.cnbc.com/quotes/FIVE" target="_blank" rel="noreferrer noopener">Five Below,</a>&nbsp;<a href="https://www.cnbc.com/quotes/WSM" target="_blank" rel="noreferrer noopener">William Sonoma</a>,&nbsp;<a href="https://www.cnbc.com/quotes/SHOO" target="_blank" rel="noreferrer noopener">Steve Madden</a>,&nbsp;<a href="https://www.cnbc.com/quotes/WHR" target="_blank" rel="noreferrer noopener">Whirlpool</a>,&nbsp;<a href="https://www.cnbc.com/quotes/URBN" target="_blank" rel="noreferrer noopener">Urban Outfitters</a>, and&nbsp;<a href="https://www.cnbc.com/quotes/TSLA" target="_blank" rel="noreferrer noopener">Tesla</a>&nbsp;all cited supply chain problems impacting their business this quarter.



Brian Bourke, Chief Growth Officer of SEKO Logistics tells CNBC, the blockage is creating the perfect storm for retailers who are struggling to restock.



“The timing of this could not be worse,” he said. “You have stimulus checks going into the hands of consumers. After every stimulus check, we have seen a huge surge in product volume. We are talking to businesses that are running out of inventory. How can you have a stimulus if you can’t buy anything? Your wait for your couch can be longer than three months.”

106859216-16166717552021-03-25t104834z_257028962_rc2aim9q3js9_rtrmadp_0_egypt-suezcanal-ship

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