Decades of globalization have created supply chains so deeply interconnected that a shock event like the coronavirus is now harder to control and could have a dramatic ripple effect on global commerce, economists are warning.
But the cascading effect of Chinese manufacturing centres coming to a brief standstill is already apparent in North America, at least anecdotally. Paul Ashworth, chief North American economist, Capital Economics “It takes somewhere between two and four weeks for a cargo container to travel from China to the U.S. and certainly, it is a full month by the time you unload the cargo and get it to go where you want.
According to Ashworth, it is still too early for the coronavirus effect to show up in North American economic data, but a recent survey conducted by Capital Economics in mid-February indicated there had been no impact yet on U.S. consumer confidence.
The expression of 'don't put all eggs in one basket' is very true.
It could just mutate into little Justin Trudeaus.
Jan and Feb will be fine (goods were already produced/en-route). First noticeable impacts near end of March (Retail in April). April/May (May/June for Retail) are going to be a mess. It is not 'could', it 'has'.
Or you mean how it is
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