Retailers Feel Impact of Coronavirus on Non-US Suppliers
Disruption in the Retail Supply Chain Reveals the Need for Contingency Planning
The spread of the coronavirus (COVID-19) has the world on edge, hoping that world health officials can implement measures to limit the continued spread outside of China and prevent a repeat of the global impact seen in the 1918 flu pandemic that left approximately fifty million people dead worldwide. The primary concern is for the global community and the potential impact on people’s health. That said, for retailers, this black swan event provides a stark reminder that global supply chains can be disrupted quickly and with dramatic effect.