‘Coronavirus is the black swan of 2020,’ warns Sequoia Capital
As of March 11, 2020
Coronavirus cases, which now exceed 100,000, have been confirmed in almost every country in the world. Most fatalities have been in China, where it’s now killed more than 3,000 people, with South Korea, Italy, and Iran the next hardest-hit.
While some companies might benefit economically from the outbreaks, major international companies have suffered supply chain interruptions under the weight of global coronavirus outbreaks, particularly in the automotive and electronics industries.
Raw material shortages and extended factory closures have exacerbated those interruptions, with US ports reportedly expecting up to 20% less in cargo volumes as a result.
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