Displaying items by tag: Operators Impacted
The Irish Exporters Association chief executive has warned that a number of Irish companies are going to be impacted by the coronavirus.
Simon McKeever told RTÉ radio’s News at One that markets are being affected by the virus as it is difficult to get items into and out of China. He also said that members are also beginning to see a slow down in payments from China as businesses have closed because of the virus.
The lack of components from China will have an impact at micro level for a number of Irish companies, he said as the production of source items has come to a halt.
His members are saying that the difficulties caused by the virus will have “an acute impact” in four to six weeks and even if the peak of the virus has passed, there could still be a six to eight week tail back as logistical systems get back on line.
Freight companies are also having to ship into other countries as Chinese ports are full, he said.