Than Q
Looking for some fellow FReeQs opinion on what this guy said in another forum:
We had a meeting at work today about China
Posted on 2/12/20 at 12:57 am
We import a fairly large amount of O&G chemicals from China, and we discussed the problems related to corona. The thesis of the meeting was China stockpiles are at best three months of products and the supply chain on the manufacturing side is broken. They have entire regions of people on lockdown and not reporting for work.
The reason I bring this to the board is a lot of factories we buy from are in regions that also produce a lot of the materials needed for medicines for the world. A LOT of medicines. Like antibiotics. What they are producing is being consumed for their population. Force majeure is in place already and they are breaking contracts left and right. There was a story relayed from an LNG client that one of their ships is stuck in port because there are no dock workers to unload it.
Shite is about to get real for the rest of the world