While mom and dad on Main St. still aren’t getting the dire warning that the coronavirus has been offering up to Asia and the rest of the Eastern world over the last several weeks, perhaps a lightbulb will finally go off when Jane Q. Public heads to the grocery store and is unable to buy shampoo and toothpaste.
Proctor and Gamble, one of the world’s biggest “everyday product” manufacturers, has now officially warned that 17,600 of its products could be affected and disrupted by the coronavirus. The company’s CFO, Jon Moeller, said at a recent conference that P&G used 387 suppliers across China, shipping more than 9,000 materials, according to CIPS.org.
Moeller said: “Each of these suppliers faces their own challenges in resuming operations.”
And it’s not just everyday consumer goods that are going to feel the impact of the virus.
Smartphones and cars are so far among the consumer products that have been hardest hit from the virus. In fact, according to TrendForce, “forecasts for product shipments from China for the first quarter of 2020 had been slashed, by 16% for smartwatches (to 12.1m units), 12.3% for notebooks (30.7m units) and 10.4% for smartphones (275m units). Cars have dropped 8.1% (19.3m units).”
Their report states: “The outbreak has made a relatively high impact on the smartphone industry because the smartphone supply chain is highly labor-intensive. Although automakers can compensate for material shortage through overseas factories, the process of capacity expansion and shipping of goods is still expected to create gaps in the overall manufacturing process.”
A separate coronavirus analysis by Mintec says that “Chinese demand for copper (it has hitherto been responsible for consuming half the world’s output), will fall by 500,000 tonnes this year, and falls in demand have already impacted prices. From December to January the price of copper fell 9.6%.”
The report notes: “Millions of people have been affected by the travel lockdown in Hubei province, the centre of the outbreak. This has been responsible for a glut of jet fuel and diesel on global markets at a time when petroleum supplies were already abundant.”
Other products that have been negatively affected so far include pork, which is up 11% this month, chicken, garlic and dried ginger.
Product supply chain issues could eventually compound hysteria at supermarkets if coronavirus becomes widespread in western countries. Northern Italy, which has seen a small outbreak of coronavirus cases over the last 48 hours, is already experiencing long lines and sold out store shelves.
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I KNEW I should have bought another big package of Toilet Paper.
what, you didn’t already ten years ago?
OMG “only” 275 million new smart phones! We’re doomed… Chip
I need more information on Kobe and his daughter.
I agree Ginger. I am not sure I can get thru another article that doesn’t even mention the devastating loss to humanity.
Let us see if my tablet clears the filter.
Lol.
I learned everything about his wife when it only took an 8 carat diamond to placate her after him getting caught chasing hookers while on the road.
TN.
And she dresses like a hooker as well. Wonder if there’s a connection.
I know, right!
How about this information on Kobe – he was a fucking rapist!
I may stop by the Dollar General and pick up more toilet paper.
Don’t forget the fluffy sponges and disposable gloves in case we go into Sudden Death Overtime…just in case your stack of old magazines runs out too…
Magazines are good for the heavy swiping…but re-washable sponges will be the closer for the detailed work.
Don’t you just hate the modern SLICK magazines? They literally are not good for shit.
booh
https://youtu.be/4vzFeiKH1jQ
2:50 to hear Gates say vaccines are population control.
Speaking of vaccines, I assume at least a few readers here are aware of some of the books written by that patron saint of vaccines, Jonas Salk. If you haven’t heard of any of his books, just type in his name on Amazon and you’ll see some of the titles. He was all about population control, etc. He openly talked about how vaccines could be used to sterilize people. Just further proof that so many of the revered people of the last 100 years or more were total scumbags.
Mark – Too bad Sears and Monkey Ward went out of business. One of their catalogs would last for a long time.
Coronavirus: China to boost mass surveillance machine, experts say
Government certainly isn’t gonna let this crisis go to waste
Good time to unshackle ourselves from the Chicoms and bring our manufacturing back home.
Yeah, we’ll go full circle at that point.
It is, but they will only move it to Viet Nam, India or some other country with cheap labor.
Trump was touring India… YESTERDAY.
AMAZING coincidence, isn’t it?
I would consider it a blessing in disguise.
Globalism is a horrible idea. Shiny baubles.
It just shows a portion of the jobs that were shipped off for cheap labor.
Again: what you see below is a letter from a physician appearing on an opinion blog, not a news report. Read it with that in mind.
The whole article is at https://www.theamericanconservative.com/dreher/china-apocalypse-buddhist-prophecy-locusts/
“The CCP has now ordered that every live chicken in China is to be immediately dispatched to the western border”
what, mail them?
So it’s basically a draft for chickens! Just imagine the tearful scenes at the train stations, bus stations, etc as the owners hug their chickens and wish them luck in what will eventually be known as the Great Locust War of 2020. Some gave all, all gave some.
Locust war and the chickens commit hairy carey
Is your carey hairy?
“Just imagine the tearful scenes at the train stations, bus stations, etc as the owners hug their chickens and wish them luck”
it’s china, they just might do exactly that.
Have you hugged your chicken today, gman?
I thought eating insects was the new veganism? Better to send every hungry person in China to the western border. Bring your wok!
Maggie – Very interesting article. I was wondering how the shortage of fentanyl would affect the drug addicts and it was covered in the T A C article.
After seeing the empty shelf pictures coming out of Milan Italy, I am beginning to think I may need to make another grocery run to stock up on the staples. I should be covered for 60 days, or so, but may need to double it for safety sake. I have some teenage grandsons that can eat some groceries.
BTW – Today is Tuesday, if you are going to post a twofer.
“the impact of the virus”
rather the impact of the panic.
Surprise!??? How did anyone think it was going to work out when America started importing everything it needed to survive?
Just my little conspiracy theory but it would not surprise me to find that the Corona virus was paid for by the democrats in a last ditch effort to tank the economy. Prove me wrong!!
“How did anyone think it was going to work out when America started importing everything it needed to survive?”
oh everyone knew this would happen. remember buchanan and perot in the 1990’s? they ran entire presidential campaigns on exactly this subject. everyone knew. and all the corporations off-shored, and all the economists said “progressive globalism good, patriotic mercantilism bad”, and most of the consumers bought cheap chinese, and most of the politicians said everything was A-OK. and now here we are.
the real issue is, if china does a total face-plant, can they recover? can we recover? in my opinion, no, for both – the entire system is just too JIT and just too marginal and just too debt-burdened to recover from any major shock. so whatever you’re gonna stock up on you might want to do it now – if for some bizarre reason you haven’t already done so.
Piss off.
Whole nations and corporations are lining up for welfare.
Right on cue.
they may line up for welfare money, but there’ll be little to buy.
17,000 products that used to provide jobs for working Americans., but muh free market capitalism knew better.
it was not free market capitalism that put us in this position. it was deliberate tribal warfare sabotage.
ha ha ha …you have another definition of companies leaving the US seeking cheap foreign labor abroad? See your problem, turd polisher, is you don’t factor labor in muh free market equation. Don’t bother answering. I already know you drank the koolade, chump
“Don’t bother answering”
the tribal sabotage operative knows what I’m talking about.
I would like to know where in the world you think there is a free market.