Shocking New Study Says the Coronavirus “Could Impact More Than 5 Million Businesses Worldwide”

by Michael Snyder
The Economic Collapse Blog

When was the last time that we witnessed a disaster that severely disrupted the supply chains of over 5 million companies around the globe simultaneously? Looking back over the past couple of decades, I can’t think of one. In recent days I have written a number of articles about the economic impact of this coronavirus outbreak, and what we have seen so far could be just the beginning. With each additional week that much of the Chinese economy remains at a virtual standstill, things are going to get even worse. Today, China accounts for approximately 20 percent of global GDP, but that doesn’t tell the entire story. At this point the rest of the world has become so dependent on Chinese exports that any sort of an extended shutdown for Chinese manufacturing would be a complete and utter nightmare for global supply chains. In fact, a brand new study that was just released by Dun & Bradstreet has concluded that the coronavirus outbreak in China “could impact more than 5 million businesses worldwide”

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