The increasing spread of COVID-19 coronavirus outside mainland China has sparked fears of the disease itself but also of the lasting impact it will have on global economies. Mr Di Lieto told Sky News people are equating the impact of COVID-19 to that of the deadly SARS outbreak but “it is important to remember China only accounted for four percent of global GDP in 2003 and now China is at 20 percent”. He said “you can see how this can pan out in terms of the global repercussions of the crisis”.
“Global supply chains or major corporations work on a just-in-time mode which means that global multinationals tend to have very low stocks of anything that is required for a complex supply chain” he said. “This means we have a very limited time span in which production can be halted or reduced, until then we start to have shortages of key components for producing nearly everything.
Obviously a genius. No one ever thought this...
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States' pandemic playbooks reveal plan to combat COVID-19Sporting stadiums converted into quarantine camps, police guarding medical stockpiles and schools temporarily shut down are some of the actions authorities are prepared to take if Australia succumbs to a major coronavirus outbreak. But there's no need. Remember Australia has this under control, that's why we're welcoming Chimes students back. If we have it under control we should be selling our solution to the world:-) Why are we letting people from China in Sounds like someone just watched every virus outbreak movie for ideas.
Source: theage - 🏆 8. / 77 Read more »
States' pandemic playbooks reveal plan to combat COVID-19Sporting stadiums converted into quarantine camps, police guarding medical stockpiles and schools temporarily shut down are some of the actions authorities are prepared to take if Australia succumbs to a major coronavirus outbreak. All the experts must realise that as soon as the cold weather comes; numbers will skyrocket! And those Chinese holiday makers should never have been allowed back into Australia. I am very disappointed our politicians and some of universities allow mainland Chinese students back to Australia! In this stage ,we should ban any travelers from mainland China ,South Korean ! We need to stop all arrivals from China immediately
Source: smh - 🏆 6. / 80 Read more »