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09 Mar 2020

Recent disruptions in global supply chain by COVID-19 近期由新冠肺炎引发的全球供应链中断


Jointly issued by Stephenson Harwood and Wang Jing & Co

Since the new coronavirus “COVID-19” first detected in Wuhan City, China in early December 2019, it has been found in more than 35 locations internationally. As of 3 March 2020, there were more than 90,000 confirmed cases globally, almost 80,000 of which are in China. On 30 January 2020, WHO declared the outbreak of COVID-19 a “public health emergency of international concern” (PHEIC). Recently, WHO escalated the risk assessment at global level to “Very High”, the same as in China.

As of 27 February 2020, to deal with COVID-19, 41 WHO member states have declared additional health measures.

In order to control the fast spread of the COVID-19, Chinese government swiftly locked down affected cities, extended the Chinese Lunar New Year Holiday and encouraged people to work from home. Large public events were cancelled or postponed, with all schools, offices, factories, shopping malls and restaurants closed. All cross-province bus routes were taken out of service; only limited segments of urban public transport systems remained operational. 

The production lines in China have virtually come to a standstill. This has a significant impact on the global supply chains.

In Hong Kong, the HKSAR Government has closed down most of its services and buildings. Most of the private sectors have followed the Government and encouraged their employees to work from home where possible. The disruption caused to Hong Kong business and supply chain management although beginning to stabilise, is similar to the disruption experienced in China.

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