Coronavirus Impact on Manufacturing and Shipping from China
Unless you are living under a rock, you may have heard about the coronavirus originated in Wuhan, China. The Hubei province, and much of China, is in complete lockdown with many businesses closed, and people staying home as the government extended Chinese New Year for a few days until the epidemic is under control. This should obviously have an economic impact, at least in the short term, for the next few weeks or months since people are asked to stay home, and so much of what we consume is manufactured in China. And indeed, I’ve seen more and more companies announcing delays due to the virus, and I’ll provide some examples. Freetronics, an Australian company selling boards and other electronics products, has issued a notice explaining they are directly impacted since they work with manufacturers are based in Wuhan, Beijing, and Shenzhen: Bare PCBs for both Freetronics and SuperHouse products […]