Business School’s Shih expects disruptions for nations trading with China and for manufacturers dependent on it for components for electronics, consumer products, and pharmaceuticals.
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No kidding Dick Tracy.
This is, or should be, obvious to anyone paying attention to the news coming out of China. I am amazed that the markets are as stable as have been. Hard for me to believe that will continue.
The company I work for bought too much inventory in 2019. Probably overbought by about 10 million dollars. This turns out to have been very fortunate. We have about 4 months of inventory after which we will have to furlough employees. We expect that shipments from China and suppliers downstream of there will resume eventually, the issue is, will it be in time?
Right now, we know there is at least 30 days disruption. The problem once production resumes is, how many companies didn't make it and competition for shipping will be fierce and delays will be substantial. I may end up retiring because of this. We shall see.