Trade war and coronavirus show retail supply chains too dependent on China, ex-Macy's CEO says
Trade tensions between the countries have appeared to quiet
, reducing some of the uncertainty for business leaders. Many tariffs remain in place, however, and the coronavirus only added a new layer of disruption and uncertainty for companies.told CNBC earlier this month. "Earnings cuts are very likely" due to the coronavirus, Chen said, adding he thought apparel was particularly at risk of disruption because inventory turns over around four times per year.
"Lead times are about six months so the summer product and increasingly the back-to-school and fall product, that will be at risk as well as this continues," Chen said on Feb. 18. Lundgren said he believes retail companies will take further action to diversify their supply chains, but he cautioned against immediate action.
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