The COVID-19 coronavirus has the world's business system in a spin. Economists tend to downplay it as not terribly big in comparison to the huge global economy. For specific families, of course, it's a tragedy. But the mild economic consequences of economists' back-of-the-envelope economic analyses likely understate the magnitude of the harm to business activity.
Consider a variety of specifics, not because any one is large, but because taken together they highlight the world's supply chains.
· Bosch CEO Volkmar Denner said that he is concerned about the supply chain. China has the company's