With many reports on the deadly coronavirus which first emerged in Wuhan, China, circulating globally the ‘Wuhan virus’ as it is widely known has now been termed a severe epidemic.
In addition, as the official number of deaths coming out of China has now passed the 1000 mark, this means the total number of deaths has officially surpassed the number of dead from the SARS outbreak in 2002: the worst epidemic this century to date and one which also originated in from China.
And with no vaccine or effective cure for coronavirus on the horizon anytime soon, things are likely to get worse before they start to get better, and applies to the business sector just as much as it applies to individuals suffering from the virus.
China recently ordered all factories and offices to remain closed for a period of 14 days in order to help curb the spread of this virus.
However, amidst this time of loss in output, Taiwan’s Foxconn reportedly asked the Chinese government if they could restart their factory in Zhengzhou. And according to Reuters, Foxconn has received a thumbs up from Chinese authorities which has led to a belief that the plant is likely to reopen soon.
The report goes on to say that 10% of Foxconn workers have returned to the plant – an estimated 16,000 people, and that Foxconn is reportedly “trying very hard” to resume operations at their plants in other parts of China too by continuing to negotiate with Chinese authorities.