Global sourcing and the economy are severely impacted by the Covid-19 pandemic. In this report, we look at some of the impacts the virus is having and will have on supply chains in the weeks ahead. Oil prices and other commodities reached multi-year lows. Currency markets continue to fluctuate widely, with the USD holding strong. China saw its economy reduce for the first time since 1976. The US saw interest rates hit 10-year lows, with over 26 million job losses. Suppliers and retailers enter survival mode, with the economic fallout continuing.
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