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Cornonavirus hits global supply chains

by LLB Editor
19th Feb 20 12:07 pm

Jaguar Land Rover has had to fly in small car parts in suitcases such as key fobs as the coronavirus outbreak hits the company’s supply chain, and is warning that it could start to run out of Chinese parts for its UK factories in a fortnight.

The virus has killed more than 1,800 people in China sparking a shutdown that has seen factories close across the country, and its impact on global supply chains is becoming marked.

“We’ve had many of the car manufacturers talking about cutting production, and also JCB saying supplies are affecting their production,” said Laura Lambie, senior investment director at Investec Wealth and Investment.

“It’s a global problem that in the cold light of day when this is all over, companies will have to think through their supply chains and how they can combat it in the future.”

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