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Coronavirus outbreak hitting German supply chains with fears of economic paralysis
27.02.2020
Excerpt:
Supply at risk
The consequences of it all for German firms may have so far been underestimated. The large shipping companies Cosco and Maersk have in the past month left 70 container ships at port in China. As these ships typically spend six weeks at sea, others are still arriving in Germany from China.
"But soon there will be a lot less arriving, then there will be a shortage of products in Europe," said Wuttke. As of March, this is likely to affect the pharmaceutical industry in particular, but also other areas."
continued: https://www.dw.com/en/coronavirus-ou...sis/a-52554823
27.02.2020
Excerpt:
Supply at risk
The consequences of it all for German firms may have so far been underestimated. The large shipping companies Cosco and Maersk have in the past month left 70 container ships at port in China. As these ships typically spend six weeks at sea, others are still arriving in Germany from China.
"But soon there will be a lot less arriving, then there will be a shortage of products in Europe," said Wuttke. As of March, this is likely to affect the pharmaceutical industry in particular, but also other areas."
continued: https://www.dw.com/en/coronavirus-ou...sis/a-52554823