The coronavirus is not to be taken lightly. As of mid-February, the number of cases worldwide had risen to more than 64,000 globally, 63,000 of which were in China, with the death toll at almost 1,400 and climbing.
Most U.S. factories in China’s manufacturing hub around Shanghai will be back at work this week, but the “severe” shortage of workers due to the coronavirus will hit production and global supply chains.
This latest disaster in China is a major blow to the international supply chain. Businesses should brace for a sharp descent into unknown territory and, most likely, a recession.
Like their counterparts in Silicon Valley, China’s largest tech companies struggled to prove online groceries can be a viable business. Then the novel coronavirus struck.
Less than a month into the health crisis that began in China, supply chain disruptions are showing up around the world, from automakers to mobile-phone producers to energy companies.
The spreading health emergency in Asia’s top economy has sent shock waves through raw material markets and the companies that ferry goods across the world’s oceans.
The global car industry is facing a stress test as the coronavirus outbreak in China disrupts the supply of components from transmissions to steering systems.
The key to fighting the coronavirus outbreak lies in the application of supply-chain management principles, and the creation of a global, end-to-end network for partner collaboration in the healthcare industry.
The world’s top steelmaker is wrestling with the effects of the deadly, rapidly spreading virus that’s seen impacting labor, logistics and demand across China.
Apple Inc.’s China-centric manufacturing base is at risk of disruption after the Lunar New Year holiday as the company’s partners confront the coronavirus outbreak that has gripped the country and caused more than 100 deaths.