Global supply chains are being severely affected by the COVID-19 (coronavirus) outbreak.
The new coronavirus first appeared in 2019 in China's Wuhan region, which serves as a vital cog in the global supply chain. According to a report on the virus' business impact, 51,000 companies around the world have one or more direct suppliers in Wuhan and at least 5 million companies have one or more tier-two suppliers in the Wuhan region.
In fact, one of Apple's main suppliers, Foxconn, has a supply plant in Wuhan; 50% of Foxconn's employees are currently not working due to the coronavirus outbreak. The plant is one of two major centers where Apple manufactures and produces the iPhone.
Other major tech suppliers that report major supply chain disruptions due to the coronavirus include Dell Technologies, HP, Qualcomm, Huawei, Samsung, Qorvo, Skyworks Solutions, MagnaChip Semiconductor, and Amkor.