Coronavirus-related supply chain disruption is taking its toll on U.S. firms, with a recent survey of company purchasing managers showing a slump in business activity in February that’s being blamed in part on the spread of the disease.
“The deterioration was in part linked to the coronavirus outbreak, manifesting itself in weakened demand across sectors such as travel and tourism, as well as via falling exports and supply chain disruptions,” said Chris Williamson, chief business economist at IHS Markit, which on Feb. 21 published its Purchasing Managers’ Index (PMI) report.
