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How could coronavirus impact international supply chains?

Discussion in 'China Sourcing' started by Currencies Direct, Mar 10, 2020.

Coronavirus, short-term shock or long-term disruption- What is your opinion?

  1. Yes

    2 vote(s)
    100.0%
  2. No

    0 vote(s)
    0.0%
  3. Maybe

    0 vote(s)
    0.0%
  1. Currencies Direct

    Currencies Direct

    Joined:
    Feb 6, 2020
    Messages:
    57
    How could coronavirus impact international supply chains?
    The world economy has been left shuddering ever since coronavirus (Covid-19) was first reported in Wuhan, China, on 31st December 2019.

    China’s death toll has now exceeded 2900, with over 80,000 people infected. The rate of infection in countries like South Korea, Iran and Italy is rising and the spread of the virus is growing every day.

    While central banks are promising (and taking) action in order to protect the global economy from the fallout of the crisis, many businesses are understandably concerned about the potential impact of the coronavirus on international supply chains and their own operations.

    In this article we’ll outline various factors that may impact international supply chain due to concerns around the coronvirus outbreak:- https://www.currenciesdirect.com/en/news/business-articles/how-could-coronavirus-impact-international-supply

    If you’d like to find out more about the latest rate movements and how they could impact your international payments, contact our expert team or get a quote now.

    Call: 0207 847 9269 Email: (Email Hidden for Privacy)

    *All rates quoted are inter-bank. Please get in touch with us for a live trading rate.
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