Virus threatens US bottom lines
Nearly 90% of U.S. companies operating in China expect the virus to hit their 2020 revenues, according to The American Chamber of Commerce in Shanghai. About a quarter of those businesses expected revenue to fall by 16% or more. Supply Chain Dive notes that concern about the virus could be increasing inside boardrooms since a similar survey of businesses from late January showed little worry about bottom lines. The Federal Reserve said Wednesday it is “closely monitoring” the impact of the virus.