What Impact is COVID-19 (Coronavirus) Having on the Economy?
- Posted by Jamie Pritchard
- On February 18, 2020
- 0 Comments
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Coronavirus could impact 5 million companies worldwide, new research shows!
Global financial analyst firm Dun & Bradstreet analyzed the Chinese provinces most impacted by the virus and found they are intricately linked to the global business network.
The affected areas with a higher number of cases are home to more than 90% of all active businesses in China. At least 51,000 companies worldwide have one or more direct or “tier 1” suppliers in the impacted region, while at least 5 million have one or more “tier 2″ suppliers.
The lock-downs in China are and will continue to have a global impact as world supply chains are on hold due to the virus.