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| Czech companies starting to feel the bite of coronavirus epidemic |
| Prag, 26.02.2020 |
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| Czech companies are slowly starting to feel the effects of the coronavirus epidemic that is a major threat to China and its economy, the news site Novinky.cz reports. Some companies have goods locked in Chinese warehouses and scheduled deliveries of components for computers, mobile phones and various other electronic devices are late or have stopped altogether due to production restrictions or closed factories in China.
Companies assembling various telecommunications, security or entertainment systems or manufacturers of lighting and industrial automation equipment are particularly worried, Noviny says. China supplies LED lamps, solar panels, electrical components, various sensors as well as complete circuits and batteries to Czech producers in large quantities.
“Of course, companies can obtain them elsewhere, but usually at a significantly higher price and not always in sufficient quantities” Radek Špicar, Vice-President of the Confederation of Industry of the Czech Republic told Novinky.cz. “In addition, sick workers may be missing from companies that have their own branch office in China or produce parts there. This may affect, for example, some companies supplying parts to the automotive industry” Špicar pointed out.
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