Coronavirus To Cost Europe’s Retailers $4bn In Lost Sales: Study
Supply disruptions caused by the coronavirus is expected to lead to £3.26 billion (€3.8 billion) in missed sales for retailers in Europe in the six weeks to 20 April, with China still struggling to resume full production, a study has revealed.
The rapid spread of coronavirus is raising fears of a pandemic, with five countries reporting their first cases on Friday, the World Health Organisation warning it could go global and Switzerland cancelling the Geneva car show.
Research carried out by UK headquartered digital freight forwarder Zencargo estimated the cumulative impact of lost sales for retailers from 9 March to 20 April in Germany would be over £728 million (€848.40 million), in France over £445 million (€518.6 million) and £253 million (€294.8 million) in Britain, with an overall loss in the UK and the EU seen at £3.3 billion (€3.9 billion).
Electronics, clothing and furniture are the top three categories of goods most affected by supply chain issues, Zencargo said.
ESM
Related news
Half of Europe’s shoppers are incognito
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Tariff war: Europe moved first, Magyar Posta waited
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Management change and fee adjustment at Mohu after 50 billion losses
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
The winners of the 2025 Retailer of the Year award have been announced
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The 2025 Symbol of Sustainability Awards have been presented
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The 2025 Retail Award of Excellence for Hungarian Products has been presented
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >