Coronavirus: Another nail in the coffin for bricks-and-mortar retailers

clock • 2 min read
Chris Ford of Smith & Williamson
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Chris Ford of Smith & Williamson

We are concerned that the coronavirus could prove to be a headwind to short-term economic growth. At the moment, it is not clear whether the crisis will last a few months or longer.

The accepted wisdom is that a vaccine is 16 to 18 months away but we could see the first batches of a Covid-19 vaccine available for emergency use authorisation in early 2021. Abbott Laboratories' point of care test can detect Covid-19 in just five minutes. It is too early to judge the likely economic impact of the coronavirus but, as the disease seems likely to persist into the summer, it will be damaging. The global stocks that have been hardest hit in the sell-off are those with long, complex and thin supply chains, and those with high levels of indebtedness. Church House: Why t...

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