Coronavirus effect on tourist related industries

The newly dubbed COVID-19 coronavirus has already claimed over 1300 lives in mainland China as of Thursday. It could impact the global supply chain in the next 60 to 90 days but immediate impacts are already being felt in tourism driven industries. From the cruise ship quarantined in Japan to the closing of factories, hotels, airports, and their duty free retail stores, companies are quickly becoming aware of the far reaching effects of the virus.

Check out the article from this week’s Travel Markets Insider loaded with coverage of interest to those in the global travel retail and duty free industries.

Travel Markets Insider: Coronavirus Update

The Economist: The new coronavirus could have a lasting impact on global supply chains

NYT: In Coronavirus, $45 billion Cruise Industry Faces a Big Challenge

Logistics Management: Coronavirus looms large in U.S.-bound retail container volumes, says Port Tracker