Some American companies are seeking to cut their reliance on China as coronavirus outbreak disrupts production, crimps revenue


American companies expect their 2020 revenue to take a beating in China, as the ongoing coronavirus outbreak disrupts production and crimps consumption, prompting some of them to seek alternative supply chains to reduce their reliance on the “world’s factory,” according to separate surveys by the American Chambers of Commerce in China, and Singapore.Sales in China will fall in 2020 if the coronavirus continues to disrupt output through April, said half of the respondents in AmCham China’s…

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