Suppliers Brace for Extended CNY with Coronavirus Outbreak
While the pandemic is certainly going to be a negative on retail sales in a key market, the far larger impact will likely be on the global supply chain as the Chinese government has ordered extensions on Chinese New Year celebrations to help counter the spread of the Coronavirus. The industry has grown accustomed to planning for the two- to three-week shutdowns that come with CNY but the carefully choreographed plans to build inventory and keep the supply chains functioning have little margin in them and so even an extra week of delay in getting back to normal production is ... Log in to view full article.