CoronaVirus ==> Empty Shelves
Have just been reading about the disruptive effects of the CoranaVirus in China. Over 2,000 diagnosed deaths, and the government is almost closing down the economy to fight the epidemic. All factories within 200 kms of Wuhan have been closed, many factories outside that area have chosen to close, public transport severely restricted, people who went back to the village for New Year cannot return to work, exports essentially banned, .... The list is long.
With JIT (Just In Time) warehousing practices being the norm, what will be the effect on Western retailers? Will we be greeted by emptying shelves when we walk into Bunnings, Mitre10, Carbatec, Myer, Harvey Norman, K-Mart, Repco, etc? They all source most of their stock from China and the supply line has stopped.
Graeme