Wednesday, February 12, 2020

MWC canceled! How coronavirus is disrupting business and tech

Your iPhone, television and video game console were likely made in China where the deadly coronavirus is shuttering business operations as scientists race to find a cure.

Apple, LG and Amazon are just a few of the household names that are taking measures to protect local workers and business travelers from the deadly outbreak which seemingly began in the central city of Wuhan. As a result, China's manufacturing output is being delayed in ways that will become more pressing as time goes on.

Publisher: USA TODAY
Author: Dalvin Brown
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While you're here, how about this:

Alibaba, Amazon, And The Oscars Ensure This Woman's Business Is Off To A Good Start

Lesley Mann, Li Hayes of Cool Me Scarf, George Lazenby, and CrisMarie Campbell at the Roger Neil and ... [+] Maryanne Lai Oscar Dinner

Four and half years ago, the big pharma company for which Li Hayes worked, called her into the office for a 3 p.m. meeting on a Sunday. "This is not going to be good news," she thought to herself. Sure enough, the company was closing the local Connecticut division for which she worked. Over the next 24 months, as the director of HR, her job was to fire 250 people. A thankless task if ever there was one! 

Publisher: Forbes
Date: 2020-02-12
Author: Geri Stengel
Twitter: @forbes
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U.N. Promulgates List of Firms Doing Business With Israeli Settlements - The New York Times

GENEVA — The United Nations on Wednesday published a much-delayed and contentious list of 112 companies doing business with Israeli settlements in occupied Palestinian territories, drawing praise from human rights groups and denunciations from Israel.

Publication of the list was seen as a victory for the Boycott, Divestment and Sanctions movement, which has sought to pressure Israel economically over the settlements, which most of the world considers a violation of international law.

Date: 2020-02-12T19:53:16.000Z
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New Statesboro Chamber of Commerce director speaks to group of business owners

SAVANNAH, Ga. (WTOC) - A new director for the Statesboro Chamber of Commerce has goals for the group, and Statesboro's business community.

Skip Alford wants to offer resources and networking to businesses, help nurture new startups, and convince more companies to move or expand here.

Alford spoke to a group of business owners downtown Wednesday morning at the Business Innovation Group center. He told the group about his background, most recently at the chamber in Palm Harbour, Fla.

Publisher: https://www.wtoc.com
Date: 2020-02-12T22:43:05.865Z
Author: Dal Cannady
Twitter: @WTOC11
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In case you are keeping track:

Business Is Worried About Bernie. Should It Be? - The New York Times

Senator Bernie Sanders emerged victorious from last night's New Hampshire Democratic primary, with former Mayor Pete Buttigieg close behind. Moderate supporters are starting to worry.

Mr. Sanders is now the front-runner in the Democratic primary, the clear choice of the party's liberal wing. Former Vice President Joe Biden, who had staked his candidacy on "electability," finished fifth, while Senator Elizabeth Warren finished fourth.

Lloyd Blankfein most likely spoke for many in Corporate America when he tweeted : "Sanders is just as polarizing as Trump AND he'll ruin our economy and doesn't care about our military."

Date: 2020-02-12T11:56:48.000Z
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SAP BrandVoice: The Humanitarian And Business Impacts Of The Coronavirus

This 800% increase is just one of many measures that reminds us that global integration has increased dramatically over the past couple of decades. Today, supply chains are globally integrated like never before – and, like never before, they are uniquely susceptible to disruptions. 

"The consequences of a pandemic event are hard to predict. However, the risks always exist and are augmented with further globalization and integration of supply chains. It is not a matter of if it will happen but to change the focus to be prepared when it happens. That is a shift of mindset in risk management and business continuity."

Publisher: Forbes
Date: 2020-02-12
Author: Richard Howells
Twitter: @forbes
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Chamber Business Diversity Council changes name to Minority Business Alliance -

CHARLOTTESVILLE, Va. (CBS19 NEWS) -- On Wednesday, the Charlottesville Regional Chamber of Commerce announced the Chamber Business Diversity Council has officially changed its name.

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It adds MBA leadership has been intentional about creating more value for its membership base and community since the summer of 2019 and building on the great work of its predecessors since 2012.

“With all the novelty and focus on value-creation for elevation, we sincerely sought clarity in purpose as an important component as well,” Quinton Harrell, MBA chairman and founder of Heritage United Builders said in the release. “This led us to a thoughtful decision to change the name of the CBDC as the first step into a bold, new future, while nodding to the roots of our organization's inception.”

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Kraft Heinz CEO Miguel Patricio vows to simplify business

“The business is extremely complex,” Patricio told Bloomberg in a recent interview, rattling off the various products the company makes at its eighty factories around the world, from fruit juice and coffee to ketchup and macaroni and cheese. “What we’re trying to do is to see what are really the similarities among these businesses, to see if we can group and give a better purpose for these groups for the future. Simplifying.”

Patricio took the reins last year amid a Securities and Exchange Commission subpoena and a $15.4 billion writedown, and promptly told investors the company needs a “comprehensive strategy” -- but that plan would be forthcoming. He’s now been in charge for 7 1/2 months, so pressure is rising for more concrete information.

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Publisher: Crain's Chicago Business
Date: 2020-02-12T13:06:42-0600
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