By  on March 4, 2020

GENEVA — The dramatic reduction in manufacturing output in China in February due to the COVID-19 outbreak resulted in an estimated loss of exports of global value chains worth $50 billion, including more than $1.5 billion in textiles and apparel affected industries, due to shortages in intermediate inputs, a U.N. report said.

“It’s clear the global effects are going to be significant, and even if the COVID-19 is retained within China, which it hasn’t been, it will still have a continuous impact because of China’s impact into the overall value chains of world production,” Pamela Coke-Hamilton, director for international trade at the U.N. Conference on Trade and Development, said Wednesday.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers