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1.Market Observations, 8.Was Sticky

11 Feb 2020 (AFR) – Construction supply chains at risk from coronavirus

(11 February 2020, AFR, p29, Michael Bleby, Senior Reporter)

‘The impact of coronavirus is spreading to global supply chains, with building contractors warning clients of potential delays on projects because factories have closed in China – the source of many building materials used in Australian projects – as a result of the respiratory disease. The scheduled closure of China’s factories for the Lunar New Year holiday – extended in an effort to halt spread of the virus that has so far killed 909 people and infected 40,235 – was due to end on Monday and Australia’s builders, who source products such as joinery, facade materials and structural steel from China, are watching to see if manufacturing resumes.’

Read more at AFR.com (might need AFR login access)

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