This virus has completely destroyed businesses, huge corporations are taking EXTREME losses with 0 production where daily production of products cross a minimum of 10000 units per day for example.
Online retail websites are going empty, e-commerce affected, Supply Chain disturbed, Companies outsourcing materials which in turn is having substantial effect on price of end product.
Closure of China might have opened the eyes of the giants, this in turn will in long term, be unfortunate for China’s global manufacturing monopoly and foreign investment.
Many companies are now considering to distribute their production plants into some other countries as well or to completely relocate in some time.
Wow, it is indeed bad. And if the health care systems are overwhelmed the death rate will jump up. Response needs to be quick and strong too. China did take quick measures which made it a lot less deadly for them.