Coronavirus could start to empty shelves in some U.S. stores by mid-April

[livingston]

Coronavirus could start to empty shelves in some U.S. stores by mid-April
Target Corp. and Best Buy Co. Inc. could be among the first U.S. companies to take a direct hit from the coronavirus outbreak as concerns grow about disruptions to supply chain networks in China.

Although current inventories are strong at most of the nation’s big-box retailers, analysts from Wells Fargo warn that shoppers could start seeing empty store shelves as early as mid-April.

“We believe the time to start worry about the supply chain risk … is here,” the report said.

Almost 60 million Chinese workers remain quarantined in their homes and others are staying away from work, afraid of catching the virus at crowded factories. So far, there have been more than 40,000 confirmed cases of the coronavirus and over 1,000 deaths.
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

Coronavirus could start to empty shelves in some U.S. stores by mid-April

Target, Best Buy, Walmart, Dick’s Sporting Goods and G-III Apparel Group are among 19 retailers considered at high risk of supply chain disruption

www.detroitnews.com

 

[Deplorable Me]

So much for Trump's trade war with China screwing up the economy.

 

[Airborneguy]

Luxuries. Certainly a cause for some sort of worry, and could damper our economy and hurt job numbers, but also might bring jobs back. That said, unless this effects the food supply, who cares? So far, this disease is only really affecting China and if China starts to feel major economic pain: good!

 

[BDinPutnam]

Wells Fargo is a fantastically reliable teller of truth.

 

[carpediem]

Kill it with fire......

 

[Jmac00]

yes, because people are going to panic because they can't buy a 55" HD TV, or a new Refrigerator by Mid-April.

 

[livingston]

A few years ago when the teamsters that unload the ships were on strike I needed some work done on my Toyota. Was told it could be a month before that part could arrive .. Apply that to this situation... Some 20 Dollar part could make you park your car because that part was made in China. ... Or how about a fleet of large trucks that cannot get a part made in China ... And half the shipping industry gets side lined ... goods stop flowing ...

 

[kev74]

Wells Fargo is a fantastically reliable teller of truth.

Except to their customers.

 

[Duke]

Maybe it's time to restart America....

 

[Jackalope]

I suggest buying an extra pair or two of shoes, because the majority are produced overseas. There's already shortages of certain medications, and it ain't going to get better in the near future.

 

[knuts]

I work in a underwear and socks company and we do most of our production in china. so far the factories are still closed since the chinese new year and they predict only less than half the workers are coming back by mid march. until then, everything is at a stand still in my work. its crazy how much we rely on china on almost everything.

 

[BDinPutnam]

I suggest buying an extra pair or two of shoes, because the majority are produced overseas. There's already shortages of certain medications, and it ain't going to get better in the near future.

Two words:

Medical
Supplies

You'd be surprised how much of it comes from the PRC.

 

[Deplorable Me]

Maybe the phenol supply will dry up.

Lowered carbon emissions; the environmentalist should be jumping for joy.

 

[spat]

Maybe it's time to restart America....

Have you tried turning it off and back on again ?

 

[livingston]

From a you tube comment...

Dan Miller11 hours ago
I drive a rig and go to a great many factories and warehouses. There are already shortages of materials, chemicals, components etc.... This is going to affect us all.
Read more
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View 11 replies from Greg Hunter and others
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[livingston]

Maybe the phenol supply will dry up.

Lowered carbon emissions; the environmentalist should be jumping for joy.

They want the world depopulated .....Here you go

 

[Deplorable Me]

They want the world depopulated .....Here you go

China will have a labor shortage. The US has a surplus of socialist loving personalities. I'm sensing a win-win opportunity here.

 

[GOPerfect]

We discussed this a bit in the merged Coronavirus thread.

China will be the loser overall when this is done. Their economy is going to take years to get back to normal.

Americans, some of them, will bitch and complain cause they can't get their China made shit, but oh well.

This is awesome news for our economy.

 

[Bananabandit]

I want to know when my Wish order will be in. And if it contains CoronaVirus

 

[Catskillkid]

Two words:

Medical
Supplies

You'd be surprised how much of it comes from the PRC.

This is what I'm most worried about. Trinkets (and I consider a new HDTV a trinket) can certainly wait. Pharmaceuticals, medical equipment, automotive parts, etc. can really screw things up.

Then again, I'm more than willing to take a hit and be at a standstill for a while if it means the virus is contained and eventually stopped.

 

[FLA45fan]

Anybody try to buy any disposable masks lately . . .

 

[livingston]

Peter Navarro Discusses The U.S. Supply Chain Amid Chinese Coronavirus Effects
White House Trade and Manufacturing Advisor Peter Navarro has an interview with Maria Bartiromo to discuss potential U.S. supply chain issues and the need to reorient our medical equipment manufacturing back to North America. As Navarro highlights the Chinese communist govt recently nationalized an American medical manufacturing company and commandeered all of their products. An important discussion.

Peter Navarro Discusses The U.S. Supply Chain Amid Chinese Coronavirus Effects... - The Last Refuge

White House Trade and Manufacturing Advisor Peter Navarro has an interview with Maria Bartiromo to discuss potential U.S. supply chain issues and the need to reorient our medical equipment manufacturing back to North America. As Navarro highlights the Chinese communist govt recently...

theconservativetreehouse.com

Read the comments section folks ...

 

[tirwin1]

Read the comments section folks ...

I did and found nothing new or useful. A lot of trolls and conspiracy nonsense. Was there something in particular you thought worthy of note?

 

[Saltwater60]

I’m thinking about stocking up on some non-perishables.
This could get ugly.

 

[livingston]

 

[livingston]

94% of the Fortune 1000 are seeing coronavirus supply chain disruptions: Report
Now, as coronavirus continues to spread, the region of China most heavily affected by the outbreak is a hub of global supply chains. A new Dun & Bradstreet study estimates that 163 of the Fortune 1000 have tier 1 suppliers—those they do direct business with—in the area. And 938 have tier 2 suppliers, which feed the first tier.

"That's where it becomes troubling," Nelson said. "It's going to be that [item] where only one plant is qualified to make that and it's going to interrupt a whole production line."

The pinch is already being felt. Amazon has been stockpiling Chinese-made goods, Under Armour warned of a $50-$60 million potential shortfall in Q1, multiple automakers have shut down factories in China, and Nintendo expects "inevitable" production and shipment delays. And a growing number of companies have issued earnings warnings related to coronavirus.

Beyond the already announced effects, many Fortune 1000 companies still don't know how seriously their operations will be affected. Although likely aware of tier 1 suppliers' statuses, they (and 5 million other companies globally, by Dun & Bradstreet's estimation) have little interaction with the tier 2 level they indirectly use, all of which happen to be in the same part of China.

"The waters get murkier," said Brian Alster, general manager of third-party risk and compliance for Dun & Bradstreet. Plus, China's impact on the world's commerce has grown. "When you look at SARS outbreak in 2003, they were 2% of global GDP," Alster said. "Today they're 20%."

94% of the Fortune 1000 are seeing coronavirus supply chain disruptions