'No Second China': EU Firms Face Coronavirus Fallout

The general economic and business impact on European firms from the coronavirus in China is widespread and severe, and companies must consider diversifying, warns an influential European trade group in a just-released business survey. But it concedes there are no China alternatives.

Coronavirus
EU Firms In China Feel Coronavirus Impact • Source: Shutterstock

The demand for products and services has been slashed, manufacturing disrupted and the supply chain is running out. The impact from the ongoing coronavirus outbreak in China is only starting to surface, with possible diversification of sourcing one key topic that has been thrown up for the global pharma industry.

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