Coronavirus Exposes Auto Industry’s Lack Of Plan B

Inadequate backup plans and limited supply chains have put the automotive industry in an especially tenuous position for surviving the ongoing coronavirus outbreak, according to two analysts studying the situation. Should the situation extend close to the first day of Spring, the effects of that lack of preparedness could become especially acute.

The virus, first discovered in Wuhan, China on Dec. 31, 2019 has already killed 2,129 people as of Feb. 20 according to the World Health Organization. All but three of those deaths are in China, but the coronavirus has been detected in people in 27 countries. The outbreak has caused automakers and suppliers to curtail or cease production in China and South Korea due to a lack of parts and the desire to minimize the possibility of passing it along from interpersonal contact. ..
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RSK: This may have a major impact on Industrial/Warehouse CRE sector as well....stay tuned!