Winter is coming.
(Bloomberg) -- The energy crisis engulfing Europe is making consumers turn to a solution thousands of miles away: electric blankets from China.
Export data points to a surge that’s buoyed the fortunes of companies like Shenzhen-based UTK Technology Ltd., a producer and seller of the blankets on e-commerce website Alibaba, which confirms demand has reached an unprecedented level this month.
Daily inquiries from European buyers have increased fivefold, and most people request urgent shipping, according to Crane Jin, UTK’s general manager. The company expects to deliver over 10,000 blankets to the continent in the next month.
“We have been working overtime a lot lately,” she said.