The new coronavirus outbreak and subsequent shutdown of huge swathes of China could impact more than 5 million businesses worldwide, according to a new study.
Dun & Bradstreet researchers found that at least 51,000 companies worldwide, 163 of which are in the Fortune 1000, have one or more direct or "tier 1" suppliers in the impacted region, while at least 5 million — and 938 in the Fortune 1000 — have one or more "tier 2" suppliers.
This assumes a baseline forecast that the spread of the virus is contained by the end of the first quarter, restoring "normal economic activity" in the second quarter. However, the global economic toll would be "severe" if the rate of infection and rising death toll do not abate, with international supply chain disruptions amplifying the shock.
Dun & Bradstreet hypothesized that a major portion of Chinese employment and sales originate from companies within the impacted region.
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