Samsung Workers in Vietnam Bear Brunt of Slowdown in Global Demand for Electronics

Samsung Workers in Vietnam Bear Brunt of Slowdown in Global Demand for Electronics
Employees make their way to work at the Samsung factory in Thai Nguyen province, north of Hanoi, Vietnam, on Oct. 13, 2016. Kham/Reuters
Reuters
Updated:

THAI NGUYEN, Vietnam—Samsung Electronics Co. Ltd. has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending.

America’s largest warehouse market is full and major U.S. retailers such as Best Buy and Target Corp. warn of slowing sales as shoppers tighten their belts after early COVID-era spending binges.