The coronavirus pandemic has exposed the vulnerability of countries and companies that rely heavily on a limited number of partners for their business needs.
out of China. The speed at which they do this will now accelerate, Capri told CNBC.
While China is gradually returning to work, it could take months, "probably quarters" to ramp up operations and catch up on lost output, supply chain risk management software company riskmethods said in a report last updated Thursday. After the first wave of disruptions from China, the second wave of supply chain disruptions came from neighboring South Korea and Japan, where there are also high numbers of infections, noted Bruce Pang, head of macro and strategy research at China Renaissance Securities.
"Therefore, as the COVID-19 global outbreak has widened, even if the Chinese manufacturing companies were to resume their work at full scale...countries and regions might receive a second hit from the drop in a trading partner's supply, and vice versa," said Pang and his team wrote in a recent report.
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