Main 3 influences of Corona Virus (COVID-19) on food and pharma market

Since the start of year 2020, the most hot topic of conversation no matter on the internet or during the meals, absolutely is: Wuhan Corona Virus(SARI).

People around the world Pay close attention to this globle unexpected public health incidents. We are in panic and worries.

We aware this is another test for China and the world community after SARS. At this moment, any slamming, taunting, fanning, and gloating are all manifestations of lack of humanity.

The virus does not recognize the country, nation, race, rich or poor. There is no difference in virus transmission.

"China's powerful system and the effective measures it has taken to prevent and control novel coronavirus-related pneumonia are rarely seen in the world", Director-General of the United Nations' World Health Organization Tedros Adhanom Ghebreyesus said on Tuesday. Ghebreyesus made the remarks while meeting with State Councilor and Foreign Minister Wang Yi in Beijing.

Here we just discuss the main influence of Wuhan Corona Virus on the internation trade(food and pharma market).

1. Shipping dalays

Factories postpone the recover time, people stay at home every day to stop the spread of the virus.

Now we enjoy the holiday at home and also waiting for the recovery of production and work on 10th Feb. It depends on the the control of the virus.

2. Customs clearance risk

Each countries goverment pulish new import and export policies under current situation to avoid the corona virus infection.

Some refuse goods origin of China, some slow down on the customs clearance procedure.

3. Price increasing on some potential items

Flight and Shipping cut down will cause the logistic cost increase. Some certein items espeicially origin is Hubei China, such as Vitamins B1, B6--ZhongHua; Vitamin B2--Guangji

Phosphates(SAPP,STPP)--XinFa, Taurine--Fuchi/Yongan,  short of supply lead to the price increasing.

The Wuhan corona virus may also lead to some related hot selling products, such as Vitamin C, Coenzyme Q10...

Though some bad influence will occor on the internation trade, but we trust it won`t last long.

We also believe believe that the Chinese people will be able to eliminate the disease as soon as possible.

Because we eliminated more severe SARS than this time in 2003, didn't we?

Feel free contact Qingdao healthchem Biotech Co.,Ltd if you have additional  opinions or know other Wuhan Corona Virus influence on the internation trade.

Email: sales@healthchembio.com