With the unsettling news that the coronavirus that is rapidly expanding across China, we offer our sincere hopes that your family, friends, and colleagues have not been directly affected.
Our experts have provided some initial analysis on what businesses should expect in the coming weeks and months. This epidemic will disrupt many companies’ operations. It will hinder employees’ ability to travel, companies’ production plans, and weigh on demand expectations. The unexpected outbreak will also impact strategic plans for 2020. Unfortunately, there is too much uncertainty surrounding the spread of 2019-nCoV for executives to quantify its impact on the economy and plan for the remainder of 2020.
Even so, we can confidently assume that the coronavirus’ impact will be substantial, and that it will affect some parts of the economy more than others. With this in mind, we can begin shedding some light on the virus’ potential ripple effects. Here is our initial take on the situation:
Companies should monitor the following signposts, as they may allow executives to get ahead of major changes in the market:
For more insights on the developing story, watch DuckerFrontier’s Head of Research, Martina Bozadzhieva discuss how the Chinese government is responding to the coronavirus outbreak on CNBC.
We are currently conducting additional research into the coronavirus’ impact on China’s economy and business environment. Subscribe to The Lens, our weekly newsletter covering the latest global events impacting your business for our most up-to-date coverage on the coronavirus. Contact us today to connect directly with a team member.