Will it be called the Wuflu Recession?
Or the Kung Flu recession? Really, we should get in front of this and come up with a catchy name, because it’s probably going to happen. China can’t shut down half the country for an extended period of time without it happening, because all supply chains lead to China.
A lesson, and opportunity, for US businesses to diversify their supply chains.
When the timing is poor for the opportunity, the timing is excellent for a lesson. Let the JITheads take notice.
'Minnesota-based retailers Target and Best Buy declined to comment on how the outbreak is affecting their businesses. But Wells Fargo said the two companies, along with Walmart, Dick’s Sporting Goods and G-III Apparel Group, are among the 19 retailers considered at high risk of supply chain disruption.
Target and Walmart “are more heavily dependent on a shorter lead time replenishment model,” the report said.'
https://www.detroitnews.com/story/business/2020/02/12/target-best-buy-coronavirus-supply-disruption/41223461/