Few industries have escaped the disruption caused by the spread of the coronavirus throughout China and beyond. From computer production slowed by factory shutdowns to the falloff in the Chinese hospitality industry as quarantines curtail travel, the impact of the epidemic has been significant, and the future damage remains uncertain. Effects have not been limited to Hubei province, where the virus began in December; for example, Chinatown restaurants in major cities throughout the United States and other western countries have suffered significant sales losses as customers shy away due to virus fears.
MIDDLE MARKET INSIGHT As the world prepares for a potential coronavirus pandemic, middle market businesses must close attention to their vendor relationships, and ensure alternative sources of supply.
Here are some industry data points gleaned by RSM analysts: