It’s hard to remain calm when one was expecting the Dow index to cross 30k and it’s in the 26K range. – in a matter of days despite interest rate reduction.. If the Louvre museum is closed and Mona Lisa has a mask things are getting serious. Coronavirus is dangerous but the panic is even more dangerous.
The events of the past week brings to sharp focus of fixing problems upstream in supply chains and also for management in general. Generally, for services there is this whole “redundancy” thing that allows for delivery from alternative locations in case of sudden disruption. Explicit planning for contingencies ahead of time, right at the contractual stage, is a good idea. Disrupted operations or liquidated damages don’t really solve business problems.