Comments by sector

  • European airlines: Some airlines are cancelling flights, grounding planes, cutting capacity, while others - besides cancelling flights to China - are taking a business as usual approach (Marcel Stotzel)
  • Chinese industrials: Notable differences between state-owned and privately-owned companies in China. For example, state-owned power grid companies and national oil and gas companies are bearing full cost of power and gas tariff cuts for their industrial and commercial users (Crystal Cui)
  • European retail: UK retailers are well positioned having prepared for No Deal Brexit for two years. Retailers considering partial or part time employment, reduction in their product ranges and increasing supply through support of global peers (Serhat Birbilen)
  • US hardware and semiconductors: Companies willing to sacrifice short term profits and business disruption for employee welfare. Apple have been sending homebound employees in China care packages with snacks and iPads to help pass the time (Jonathan Tseng)
  • Autos: One company reports four of its European plants are at risk of a production halt in the next few weeks, another faces potential supply constrictions of components. One company in China is producing face masks on its production line instead of vehicles (Lucy Van Amerongen)
  • Chinese pharmaceuticals: Some disruption on logistics for other sectors but not for healthcare-related products which the government is prioritising (Yuanlin Lang)
  • Shipping and supply chains: One Taiwanese liner considering cutting capacity hoping that other operators are willing to do the same (Terence Tsai)
  • Chinese banks and insurance: China insurance companies still relying on agents to sell insurance products but agents can't meet their clients (Monica Li)
  • Metals and mining: Inventories piling up in various chains with low levels of activity. Increasing preparedness to avoid working capital building up in the event of things not picking up (James Richards)
  • Consumer and leisure: Companies with China exposure were far more focused on this as an issue in January. Others in Europe and the US, regardless of sector, are now responding similarly (Gita Bal)
Sebastian Morton-Clark

Sebastian Morton-Clark

Producer