☢️ ~ Coronavirus to Begin Destroying Global Supply Chains Within Next 3 Weeks ~ | Blogger: [🤔SoTW: AND, that's just the beginning before a possible GIGANTIC Global Financial Recession or wishfully, a RV/GCR, the Start of the EVENT and Activation of The St. Germain Quadrillion Trust🙏] ... Let's not (only) focus on what the Coronavirus and China's Quarantines causing a Global Recession and Chinese Economically Downfall and Fear and Panic in the World... LET ME REMIND you all, that 650.000 people died from the flu-virus in 2019, worldwide, and only ONE has died outside China in 2020 of the Coronavirus ... |

An expressman checks deliveries in an Express station in Wuhan, Hubei Province, China on Jan. 20, 2020. (Stringer/Getty Images)

Source (theepochtimes)

News Analysis

Chinese suppliers in coronavirus zones may declare “force majeure” to legally terminate export supply chain deliveries and cause many global factories to begin running out of parts within three weeks, IHS Markit warned.

With the United Nations World Health Organization (WHO) declaring the potential pandemic spread of the 2019-nCoV form of coronavirus as a Global Health Emergency on Jan. 30, domestic companies can exercise “force majeure” (Act of God) provisions under Chinese law to escape financial liability for failing to deliver customer shipments on time. The WHO designation also eliminates delivery liability since December for failures due to China’s National State Council efforts to extend holidays, implement quarantines, and interrupting transports to slow the virus spread since late December.

Wuhan is often called the “Detroit of China.” The city produces about two million passenger vehicles a year, and its factories export hundreds of millions of parts and sub-assemblies to hundreds of huge original equipment auto and commercial vehicle assembly plants across the globe. (READ MORE)