Conglomerates hit as China puts Coronavirus restrictions
Coronavirus is spreading as fast in the businesses as it is affecting humans. As containment is of the virus remains a threat, global business in China are either closing stores or scaling down operations. The origins of the virus are yet to be determined as Chinese authorities remain tight-lipped and have gripped well over 7,000 in China and the global count is over 30,000 people . Global supply chain is disrupted as airlines are suspending flights and container ships are being stopped and checked, as China increases restrictions . WSJ in a report on employee travel bans quoted Kraft Heinz spokesman Michael Mullen: This will help reduce the unnecessary risk of virus exposure or transmission and is the most prudent measure to take while we continue to closely monitor the situation in China Among other companies to opt for the same measures are JP Morgan Chase &Co and Ford Motors. Earlier, Google shut down its offic...