On January 30, 2020 the World Health Organization declared that the novel coronavirus COVID-19 outbreak constituted a public health emergency of international concern. Infectious disease experts and public officials are urging several practical measures, such as hand washing, “social distancing” and self-quarantining when showing symptoms, to prevent a potentially catastrophic spike in infections that could overwhelm medical facilities.
While taking these steps is imperative to protect public health, they have led to severe disruptions in business, including supply chain interruptions, cancellation of large and small gatherings and face-to-face meetings, and restrictions on travel. Many of these disruptions are having a significant impact on the ability of suppliers and service providers to perform their contractual obligations to their customers and clients.
If you are one these impacted suppliers or service providers, what is your exposure? If you are the customer or service recipient, what are your options?
Read more information on this topic in the following article.