Coronavirus Butterfly Effect on Global Trade
Steve uses chaos theory's butterfly effect to explain how coronavirus disruptions rippled from Wuhan factories into closures, tariffs, and supply chain chaos hitting sellers everywhere.
Steve Simonson
On-air link:awesomers.com/177
Show notes
Steve walks through what he calls the coronavirus butterfly effect: how a localized outbreak in Wuhan set off ripple effects across factories, supply chains, and financial markets worldwide.
He covers factories closing in China, Malaysia, and even the US, the pressure this puts on suppliers and workers, and a practical example of extending payment terms with partners to share the burden during uncertainty.
A snapshot of how one seller was thinking through a fast-moving global disruption.