Batten down the hatches

[Esceptico]

I think that most people and governments are potentially underestimating the damage that the Coronavirus could cause to the global economy and hence our local economies. China accounts for a large part of global growth and indirectly is essential for much of the rest as they supply so many parts in the global supply chain. I think the st may be about to hit the fan.

Anyone preparing for the financial storm that might be coming (rather than worrying about the virus itself)?

[sociopath]

Yep I've made myself a tinfoil hat

[Mikebentley]

I heard that Chinese takeaways are down 50% business. I have offered to eat twice as much if he will do me 50% discount. Am I doing this right?

[Monkeylegend]

Well they are going to build HS2 in 5 years and at a much reduced cost, so it can't all be bad.

[Drezza]

I've just opened a new fund in the Chinese Economy so good timing for me

[Getragdogleg]

I am struggling to get some of my suppliers to supply me.

They are citing Chinese shut down as the problem.

[Dick Dastardly]

It’s going to be interesting how this affects businesses throughout the supply chain.

I have no dealings with China but 3 of my 5 biggest clients all have their products either manufactured there, or buy raw materials from there. They all have enough in stock to weather the current shut down but if it goes on much longer, they will suffer hugely. That pain then gets passed back to suppliers like us who are not needed as much.

I think it’ll be this ripple effect that hits UK SMES the hardest and will result in a lot of casualties that have never even had direct trade with China.

[andy_s]

It's a good exercise in resilience, business continuity, planning and reliance. Some good lessons to draw on which may be useful in the future. Make lemonade...

[poo at Paul's]

Any JIT business with direct or indirect supply chains from China must be feeling it already. Even the Chinese New Year needs careful planning and that's only a couple of weeks.

Expect delays in auto manufacturing, specialised engineering machine manufacturers etc.

Edited by poo at Paul's on Sunday 16th February 11:03

[lost in espace]

I time running races, could see a lot of them cancelled if it becomes endemic in the uk.

[cossy400]

JCB are on reduced hours due to how much they have shipped in from China.

A lad i know works in container haulage and hes said its really slack at the min.

[Sheepshanks]

I've been surprised stock markets haven't reacted more negatively to the potential economic impact of Coronavirus. It's not even been much of issue on Asian markets.

[snuffy]

Esceptico said:

Anyone preparing for the financial storm that might be coming (rather than worrying about the virus itself)?

What would you suggest I do to prepare ?

[Penelope Stopit]

Covering potential losses by investing in mask manufacturing may be a wise move

[Jasandjules]

No.

[Benni]

I own a chinese-engined moped and have ordered some head gaskets, piston rings & piston,
as they are about the only consumables which might get unvavailable / hard to buy in the future.

[Halmyre]

I threw my wife's best china tea service in the bin, you can't be too careful. However, I've still ended up in hospital, life can be funny that way.

[Drive it fix it repeat]

Halmyre said:

I threw my wife's best china tea service in the bin, you can't be too careful. However, I've still ended up in hospital, life can be funny that way.

Like that

[fido]

Bear with me on this. Mortality rate is estimated to be 5%. It might be cheaper, just saying, though not pollitically expedient to let it run it's course. Then we'll all be immune from bat-flu and some lessons will be learned.

[Monkeylegend]

fido said:

Bear with me on this. Mortality rate is estimated to be 5%. It might be cheaper, just saying, though not pollitically expedient to let it run it's course. Then we'll all be immune from bat-flu and some lessons will be learned.

Yeah, I mean who is going to miss 60 million or so Chinese people.