March 9, 2020

Coronavirus disrupts 2020 outlook

Companies doing business in China face near-term uncertainty as the coronavirus outbreak that has shuttered manufacturing plants and disrupted supply chains continues. Few CEOs speaking at the annual Consumer Analyst Group of New York conference could quantify the impact the outbreak will have on results, but many did confirm it will have an effect. “We’ve seen a disruption of not only businesses that we operate in China, but also exports from the United States because the ports are basically backed up in China,” said Noel W. White, CEO of Tyson Foods Inc., Springdale, Arkansas, during the company’s Feb. 19 presentation. Read more

Leave a Reply