Business Interruptions Spread Globally as Coronavirus Cases Grow

January 28, 2020 by Bloomberg

Facebook Inc. is restricting employee travel to China, while other big companies including and Nissan Motor Co. and Starbucks Corp. are taking measures to shield employees in areas hardest hit by a deadly viral outbreak.

The social media network’s employees based in China, and those who recently returned from trips to the country, are also being told to work from home, people familiar with the matter said, asking not to be identified discussing private communications.

Here is how some of the biggest companies are responding, as well as early analysts’ estimates of the impact:

Jan. 28:

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The moves by companies highlight Wuhan’s importance as a manufacturing, shipping and business hub. The central Chinese city has more than 500 factories and other facilities, placing it 13th among 2,000 Chinese cities in Bloomberg’s supply chain database. It’s the capital of Hubei province, which has 1,016 such facilities, making it seventh of 32 such jurisdictions.

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Jan. 22

(Updates with Facebook travel restrictions from first paragraph.)

–With assistance from Leslie Patton, Thomas Mulier, Thomas Buckley, Christopher Palmeri, Phil Kuntz, Mary Schlangenstein, Yukari Chilnik, Brian Moran, Kana Nishizawa, Craig Trudell and Jonathan Levin.