Trying to predict demand or supply capabilities in a time of economic crisis “is like trying to catch a falling, disease-infected knife — in the dark.”
COVID-19 is about to put the global trading system through its most dramatic stress-test since World War II, with supply lines for essential food and medical goods entering a critical phase as the pandemic peaks in the U.S. and Europe.
It's About 500 miles from New York City to Toronto, but it can take as long as two weeks to complete deliveries. In fact, for many U.S. businesses, deliveries to and across Canada take significantly longer than those in the states.
India plans to ramp up production of pharmaceutical ingredients and become an alternative supplier for global drugmakers hit by factory shutdowns in China due to the coronavirus outbreak.
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic.