(Feb 21): A rapidly increasing number of companies – from Apple to Australian commodity exporters – are issuing revised profit figures as the Covid-19 coronavirus slowdown hits their bottom lines.

In China it is estimated that some 78% of companies do not have sufficient staff to run a full production line. About one-third of the country’s migrant workers will also not have returned to work at the beginning of March. Other surveys say 48% cite lack of staff as the biggest challenge in the next two to four weeks and 30% say restoring logistics lines is the major challenge.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook