The human cost of China’s coronavirus outbreak is tragic and the cost to businesses around the world could also become severe in the coming weeks – it only takes one missing part to stop a line.
Manufacturers around the world have come to depend on parts from China to keep their own supply chains going. Experts fear that factories across the globe could ground to a halt if many of the plants across China remain closed this coming week.
Auto plants could be among the first to feel the impact. China is a major supplier of parts to auto plants around the world — shipping nearly $35 billion of parts in 2018, according to UN data. You can’t build a car with only 99% of its parts.
Read the article at CNN.