"As a result of the outbreak of the novel coronavirus COVID-19, beginning in January 2020, our suppliers in China have experienced some delays in the production and export of these ingredients," according to the company statement. "We have initiated contingency supply plans and do not foresee a short-term impact due to these delays. However, we may see tighter supplies of some of these ingredients in the longer term should production or export operations in China deteriorate."
Nigel Green, CEO of financial advisory company deVere Group, told Business Insider that the widespread economic implications of the virus would soon be apparent for international business entrepreneurs.
“Investors have largely been caught off guard by the serious and far-reaching economic consequence of the coronavirus," Green said. “Clearly, this will hit global supply chains, economies across the world and ultimately government coffers, too.”