Business Standard

Coronavirus: McDonald's to Toyota, companies fear for business in China

Electrolux said the epidemic could have a material impact if its Chinese suppliers were further affected and that it was implementing contingency plans.

Coronavirus
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Students are checked by body thermal scanners as a precautionary measure against the spread of a new virus at a school in Manila, Philippines, Friday. Photo: AP | PTI

Reuters
Some companies have warned that a coronavirus outbreak in China that has killed more than 250 people and infected thousands could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights.


Financial Impact: 
 
Electrolux said the epidemic could have a material impact if its Chinese suppliers were further affected and that it was implementing contingency plans.

H&M said store closures in China - about 45 - hurt sales in January. The company said it sources "a lot"

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