From a Roy Morgan Snap SMS Survey of 1,170 Australian businesses conducted in mid-February
Around two-fifths of Manufacturers are already reporting being affected
a third of Education & training businesses and those in the Wholesale industry
Other industries to already be feeling the effects of the coronavirus include Accommodation & Food services which includes travel and tourism businesses, Community services, Administrative & Support services and Property & Business services.
responses fell into a few broad categories including
- the issue of workers, or students, being quarantined and kept away from work/study;
- the impact on supply lines for the import or export of goods and parts to and from China;
- the decline in forward bookings from Chinese tourists and cancellations by customers in Asia
- as well as the general hit to confidence which includes a weaker stock-market
- as well as lower foot traffic in stores due to a combination of the aforementioned.
I am surprised its only 15% of businesses. I suspect you'd get similar, if not higher, from other DMs around the globe.
