Virus Is ‘Wake Up Call’ on Supply Chains: EU Chamber of Commerce in China

The video discusses Europe's dependence on China, especially in pharmaceuticals, and the need for diversification. It highlights the impact of coronavirus on European companies in China, with significant disruptions in supply chains and decreased demand. The discussion includes government responses to support businesses, such as tax relief and logistical assistance. Financial challenges for companies, particularly SMEs, are addressed, along with potential solutions. The video concludes with considerations for future business strategies with China, emphasizing the need for diversified supply chains and market strategies.

How might the future of supply chains change in relation to China?

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What lessons can be learned from the current situation regarding dependency on a single market?

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What are the potential consequences if Chinese growth drops below 5%?

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