SHANGHAI, (Reuters) – More than half of U.S. multinationals in Shanghai have seen their revenue forecasts drop due to COVID-19’s recent outbreak. This was according to a poll by the American Chamber of Commerce Shanghai that was published Friday.

Respondents to the survey with 167 firms found 82% said they experienced slowed down or decreased production because of a shortage of staff, inability of obtaining supplies or government-ordered lockdowns.

Although 54% of respondents have reduced 2022 revenue projections, 38% claimed it is too soon to predict the effects.

Nearly 26 million residents of this city have been fighting the largest epidemic for almost one month. This week, most of the city was under lockdown as new cases continued to mount.

AmCham Shanghai stated that half the survey respondents weren’t satisfied with China’s efforts to combat pandemics, while 77% expressed disappointment with the duration of quarantines.

The spread of the disease and subsequent restrictions have caused disruptions in daily life.

A rising number of local firms have openedly disclosed the impact that Shanghai’s lockdown has had on them. This includes suspended operations, stagnant sales, dry liquidity, and delayed financial disclosures.

Shanghai-based company Sieyuan Electric Co made power transmission equipment. It said that the pandemic caused an increase in logistics, operations and raw materials supplies. This has had an impact on its performance for the first quarter and whole year.

East Money Information Co stated that it is not certain if the annual shareholder meeting will be held in Shanghai on April 8th, and suggested shareholders take part online.

Shanghai Shizhong Intelligent Parking Corp stated that the lockdown had forced them to stop parking services. This directly affected performance.

The outbreak has affected many places in China, Shizhong stated in a filing. However, Shanghai was the most severely affected.

The company stated that the lockdown would have a direct impact on sales and profits, since most of its clients are based in Shanghai.