Update on the Novel Coronavirus: Latest developments on supply chain impacts

Update on the Novel Coronavirus: Latest developments on supply chain impacts

Resilience360 identified a total of 26 provinces and 9 cities across China that has announced that the Lunar New Year holiday would be extended beyond February 2 in a bid to quell the coronavirus outbreak. All companies but medical equipment, pharmaceutical, supermarkets, utilities, and logistics companies have been ordered by government authorities to delay the restart of operations until at least the second week of February.

In addition, full or partial citywide transit lockdowns were recently announced for additional cities in Zhejiang (Hangzhou, Taizhou, Ningbo, Wenzhou and Leqing), Jiangsu (Nanjing and Xuzhou), Henan (Zhumadian and Zhengzhou), Shandong (Linyi), Heilongjiang (Harbin) and Fujian (Fuzhou), while the lockdowns remain in effect throughout thirteen cities in Hubei province since last week.

The unpredictability surrounding the extent to which the coronavirus will spread, coupled with government-mandated production delays in select provinces and cities, has led to uncertainty about how this will impact global manufacturing across various sectors ranging from technology and automotive to energy, chemicals, and pharmaceuticals.

To download the free report, please complete the short form below.