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Chinese Economy Could See ‘Intense’ But ‘Short-Lived’ Coronavirus Damage: IHS

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

The coronavirus epidemic could be more damaging to the global economy than the SARS outbreak in 2003, IHS Markit’s February “Global Economic Forecast Flash” report contends. During the 2003 SARS epidemic, China was the sixth-largest economy, accounting for only 4.3 percent of world gross domestic product (GDP), according to the report from IHS chief economist Nariman…

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