Mikkel Hippe Brun, Co-Founder & SVP, China, Tradeshift writes The COVID-19, or coronavirus, outbreak is causing significant disruption to global supply chains. According to a report from Dun & Bradstreet , 938 of the Fortune 1000 companies have a tier 1 or tier 2 supplier that has been affected by the virus. Tradeshift saw Chinese trade activity drop 56 percent in just a single week in February. And we’ve heard publicly from brands like Apple, Microsoft, Nissan and JCB about the disruption they’ve felt as their factories in China closed or operated at limited capacity.
Mikkel Hippe Brun, senior vice president for Tradeshift in Asia Pacific also discussed the global role in new spreading new technology. "We need to find global standards for how we manage these new technologies,” he said. "Access to capital is one of the biggest barriers for growth in any SME company," Brun said. "The opening up in the Greater Bay Area, for instance, allow foreign banks to finance the SMEs is a very interesting development".