Europe’s retailers to lose $4bn as virus stalls shipping flows
A study by Zencargo shows electronics, clothing and furniture are the top three categories most affected by supply chain issues from China
28 February 2020 - 18:06
London — Supply disruptions caused by the coronavirus is expected to lead to £3.26bn ($4.24bn) in missed sales for retailers in Europe in the six weeks to April 20, with China still struggling to resume full production, a study showed on Friday.
The rapid spread of coronavirus is raising fears of a pandemic, with five countries reporting their first cases on Friday, the World Health Organisation (WHO) warning it could go global and Switzerland cancelling the Geneva International Motor Show...
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