Supply chains in China pummelled from all sides after coronavirus outbreak | South China Morning Post
It really is death by a thousand cuts,” said John Evans, managing director of Tractus Asia, a company that has 20 years’ experience helping firms move to China, but which over the past two has had more enquiries from businesses looking to leave. “This is a black swan event and I don’t think we’ve seen anything like it in recent history, in terms of the economic and supply chain impact in China and across the globe.
Apple warns of coronavirus causing iPhone shortages | The Guardian
Apple makes most iPhones and other products in China. The spread of coronavirus has caused the company to temporarily halt production and close retail stores in China. Some Apple retail stores reopened in China with reduced hours last week.
Coronavirus COVID-19 and corporate governance | DLA Piper Global Law Firm
The coronavirus COVID-19 outbreak and ensuing government restrictions raise corporate governance concerns and create areas of risk across the ESG spectrum that should be considered by companies and their directors and officers.
Coronavirus outbreak exposes a weak link in the U.S. drug supply | STAT
In October 2019, Dr. Janet Woodcock, the director of the FDA’s Center for Drug Evaluation and Research, testified before Congress that the United States “has become a world leader in drug discovery and development, but is no longer in the forefront of drug manufacturing.” 72% of API manufacturing takes place outside the U.S., and the use of foreign-sourced materials “creates vulnerabilities in the U.S. supply chain,” Woodcock concluded.
3,000 Missing Flights: The Global Consequences of the Coronavirus | NY Times
Chinese travellers account for about a fifth of all tourism spending, more than any other country, according to the U.N.’s World Tourism Organization.
Coronavirus: The legal impact on force majeure events | DLA Piper Global Law Firm
Similarly, some businesses are partaking in voluntary closures and have implemented travel bans (not only in and out of China but more generally) for their employees. These restrictive measures have resulted in affected parties considering whether coronavirus, as a global health emergency, could be considered a force majeure event so as to delay or absolve a contracting party of its contractual obligations.
Coronavirus disrupts the heart of electronics manufacturing in China | CNBC
“The ripple effect coming from one region in China is completely unprecedented,” Kamal said. “We’ve never seen anything like this”
The ripple effect coming from one region in China is completely unprecedented,” Kamal said. “We’ve never seen anything like this.
Australia solar module stockpiles could be exhausted soon, due to coronavirus | One Step Off The Grid
Australia’s rooftop solar market is being warned to brace for a months-long impact from the devastating coronavirus outbreak in China, as disrupted panel production and supply takes its toll on the local market.
The governance professional’s guide to better managing climate change risks | Governance Institute
Going viral: the legal impact of coronavirus on force majeure events | DLA Piper
Similarly, some businesses are partaking in voluntary closures and have implemented travel bans (not only in and out of China but more generally) for their employees. These restrictive measures have resulted in affected parties considering whether coronavirus, as a global health emergency, could be considered a force majeure event so as to delay or absolve a contracting party of its contractual obligations.
Deaths in China Rise, With No Sign of Slowdown | NY Times
Here are the highlights: As deaths approach 500, no sign of a slowdown. A second evacuation of Americans from China has begun. Britain and France urged their citizens to leave China. Hyundai suspended production at South Korea car factories. The oil industry is already in the doldrums.
3 Key Risk Management Responses to the Coronavirus | Risk Management Monitor
The novel coronavirus 2019-nCoV continues to spread throughout China and other countries, seriously impacting business operations around the world. As governments and companies act to protect their citizens, operations and employees at home and abroad, these actions threaten to produce business interruptions, travel risks and other effects that could be detrimental to business continuity.
The novel coronavirus 2019-nCoV continues to spread throughout China and other countries, seriously impacting business operations around the world. As governments and companies act to protect their citizens, operations and employees at home and abroad, these actions threaten to produce business interruptions, travel risks and other effects that could be detrimental to business continuity.
Here are three approaches to limit risk from the coronavirus:
- Take Travel Precautions
- Develop a Response Plan
- Consult Reputable Information Sources