World Economy Shudders as Coronavirus Threatens Global Supply Chains

World Economy Shudders as Coronavirus Threatens Global Supply Chains

China has worked up themselves to be one of the top export countries. They supply exports to countries in North America, Eurupe, Asia and Australia. With recent news and numbers from the coronavirus spreads, there have already been many companies that have begun to suffer. Many in China fear getting infected by this virus and have decided to stay at home instead, hurting many manufacturing businesses that export to countries all over the world. Car manufacturing companies and electronic producers have been losing the most because many of their manufacturing parts come from China. Additionally, countries like Vietnam, who import semi-finished materials, and Australia are also feeling the impact of shutdown from the coronavirus. 

This article portrays one of the biggest threats to marketers and its consumers. While it is public knowledge that the coronavirus has killed over two thousand people, many still dont realize the impact it could have on the world's economy. From this article, it is stated that it is jeopardizing many supply chains within corporations due to the lack of manufacturing workers in China. The past outbreak is seen as miniscule to the expectations of what the coronavirus may become. I think it is important to marketers as it possess a threat to its consumers.

https://www.wsj.com/articles/world-economy-shudders-as-coronavirus-threatens-global-supply-chains-11582474608?mod=hp_lead_pos2