Coronavirus has disrupted supply chains for nearly 75% of U.S. companies

[corbe]

Coronavirus has disrupted supply chains for nearly 75% of U.S. companies

Dion Rabouin

The COVID-19 outbreak has caused supply chain disruptions for nearly three-quarters of U.S. companies, and many are already pricing in revenue losses this year as a result, according to a special ISM survey.

What's happening: Data show global production out of China fell to an all-time low last month, with freight and shipping slowing dramatically as the virus has shuttered factories and container ports.

Quarantined workers and shortages of components have further crimped the availability of goods from China, which is the world's hub for manufacturing.

The intrigue: Of the companies surveyed that expect supply chain impacts (80% said yes), most expect the severity of the disruptions will increase after the first quarter of this year.

<..snip..>

https://www.axios.com/coronavirus-supply-chains-china-46d82a0f-9f52-4229-840a-936822ddef41.html