COVID-19 Outbreak: Global Ripple Effects on Supply Chains

COVID-19 Outbreak: Global Ripple Effects on Supply Chains

The outbreak of the COVID-19 novel coronavirus threatens to have even greater global implications after the number of reported international cases quickly escalated worldwide beyond China’s borders over the past 10 days. As of March 5, 12:00 GMT, COVID-19 has sadly left over 3,286 dead, with over 95,748 global cases being reported.

In particular for South Korea, Italy, and Iran, the sudden surge in COVID-19 cases has triggered government-mandated lockdowns and intensified quarantine efforts, disrupting activities at production facilities and logistics operations in the affected cities and regions. Furthermore, businesses outside of areas with many cases have increasingly enacted contingency plans due to the discovery of employees infected with COVID-19, which include home office measures or closing down operations for a specific period of time.

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