Apparel maker seeing disruption in supply chains due to coronavirus outbreak

Stanley Szeto, the Executive Chairman of apparel maker Lever Style says while downstream players in the garment industry have largely moved out of China years ago due to cost pressure, the whole industry is feeling the disruption now because many manufacturers still reply heavily on their upstream suppliers in China for raw materials. Many factories are closed in China due to the coronavirus outbreak.
Thu, Apr 2 20202:17 AM EDT