Title: Supply Chain Latest: Maker of Purell fails in tariff relief bid - Bloomberg
Headings: Maker of Purell Hand Sanitizer Denied in Request for Trump Tariff Relief
Supply Lines
Maker of Purell Hand Sanitizer Denied in Request for Trump Tariff Relief
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Charting the Trade Turmoil
Today’s Must Reads
Bloomberg Analysis
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Content: Charting the Trade Turmoil
Consumers across the globe are still loading their pantries — and the economic fallout from the virus is just starting. The specter of more trade restictions is stirring memories of how protectionism can often end up causing more harm than good. That adage rings especially true now as the moves would be driven by anxiety and not made in response to crop failures or other supply problems. Today’s Must Reads
Second wave | Much of China’s industrial sector is ramping up production, only to find another painful economic shock: canceled orders from the U.S. and Europe. Workplace safety | Food workers getting sick is the latest threat to the global supply of everything from vegetables to pork, with quarantined workers at production facilities raising fresh concerns. Faster decoupling | One of Apple’s manufacturing partners said half its capacity could reside outside China within a year, underscoring the shift companies are making outside the world’s second-largest economy. Battle fields | Europe’s farmers are struggling to find people to harvest rapidly ripening fruits and vegetables, as the coronavirus prevents hundreds of thousands of migrant laborers from leaving home. Pulling the plug | Sony said fallout from the coronavirus may wipe out a previously projected increase in its profit and force it to delay an earnings report scheduled for April. Bloomberg Analysis
Shrinking growth | A global recession has begun, according to a Bloomberg Economics review.