Coronavirus Closes 5 Hyundai Factories.

[Franco Cozzo]

Originally Posted by Charliewool

If it continues.... Your Harvey Normans, JBHIs, Officeworks... Actually EVERY retailer’s shelves will be bare!
Food?... ok, Aussie produce, But where does the packaging come from, or the labels... or the ink the labels are printed with?
Think of the “great” Aussie companies that, in their infinite wisdom, decided it was cheaper to make their papertowels, undies, or lawnmowers offshore (China!)

Not just talkin Australia either! Will be the same worldwide... Such is our dependence on the mighty “MADE IN CHINA” moniker!

My opinion.... If this virus shuts down China for another 3 or 4 months, we are ALL in dire straits!!

One of our suppliers has indicated that they're up the creek without a paddle at the moment, they can't get anything made.

Bring on the chaos, a little pain is good for you.

[Franco Cozzo]

How good is it? We sell coal to China and educate their kids.

Coal demand down 30% and travel ban on the kids hurting universities

It's all good bro let's just keep swapping houses amongst ourselves and we can all transition from automotive manufacturing to manufacturing fancy coffees.

[Sprintey]

Gourmet bean roasters.

It's become like the South Park Yelp episode.

[roKWiz]

Originally Posted by Franco Cozzo

It's all good bro let's just keep swapping houses amongst ourselves and we can all transition from automotive manufacturing to manufacturing fancy coffees.

and bl**dy craft beers.

[Bossxr8]

Hopefully it means bad news for China in the long run, and companies realise putting all your eggs in that filthy basket is not a good idea, and they start bringing manufacturing back to their home companies.

[Sprintey]

Already happening Boss, Trump gave US companies a warning in the last year or so to diversify their supply chains out. We are seeing repatriation as well as shifting of offshore suppliers for the US at least.

Now AUD at 0.66US, makes the loss of our auto production particularly bitter. It might not be cars any more, but if one likes producing things, find a niche and go for it locally. Hope this puts a rocket under local manufacturing.

Where does that leave Oz, reliant on Coal to China for big bucks? Their coal consumption is down already, about 33% based on todays article on ZH.

[kaniSS]

Goes to show how dependent we are on China now. Good luck to all when our economy crumbles further.
The saddest part is the num-nuts in Canberra will not rectify the situation here.

[Charliewool]

Was down in Panama today (Paso Canoas) doing our usual 90 day “check out, check in” passport run...
What is usually a hive of “retail therapy” (it’s all duty free, so we treat it as our “big shop” each 3 months) was today a virtual ghost town...
So, so quiet and lots of missing stuff we normally stock up on.
So, I reckon this is gunna bite worldwide bigtime!
Btw... Most of the duty-free is “overseas owned”...
Check the Mustang...









Sent from my iPhone using Tapatalk

[GCRXR6]

[QUOTE=Charliewool;6404204]Was down in Panama today (Paso Canoas) doing our usual 90 day “check out, check in” passport run...
What is usually a hive of “retail therapy” (it’s all duty free, so we treat it as our “big shop” each 3 months) was today a virtual ghost town...
So, so quiet and lots of missing stuff we normally stock up on.
So, I reckon this is gunna bite worldwide bigtime!
Btw... Most of the duty-free is “overseas owned”...
Check the Mustang...

image

image

image



Crikey, pickle me grandmother, Ted Bulpit would use a few tubes of Ipana on that grille.

[FTE217]

That GRILL ! haha......
Yer I have customers freaking out.
Globally there is already a world of pain, could be alot worse before we know it.

[blueoval]

That Mustang looks like something 'Bane' would drive in Batman

[Sprintey]

If you finally got to buy that Galaxy Z Flip you always wanted, give yourself a pat on the back:

https://www.cnet.com/news/samsung-ga...rus-infection/

But don't worry in this case, they will reopen shortly afterward.

[Sprintey]

Charliewool - how do you say 'fully sik' in Costa Rican?

[Charliewool]

Originally Posted by Sprintey

Charliewool - how do you say 'fully sik' in Costa Rican?

“Totalmente enfermo“

[Yellow_Festiva]

Hyundai Australia hit by lengthy delays due to parts shortages caused by coronavirus factory stoppages 24 FEB 2020

EXCLUSIVE: Anyone looking to buy a new Hyundai in the coming months may experience lengthy delays in taking delivery of their car.
Australia’s third most popular car brand – behind Toyota and Mazda – is facing lengthy hold-ups in the arrival of new showroom stock due to parts shortages caused by factory shutdowns following to the coronavirus in China.

A confidential bulletin issued to Hyundai dealers has warned up to half of the models expected in the next few months could be delayed and has advised dealers to notify customers there may be a long wait.

The bulletin says in part: “Following the earlier (notice) regarding the Hyundai Plant Closure due to the effects of the coronavirus causing disruptions in the supply of China-sourced parts, Hyundai has reduced production by approximately more than 50 per cent of the Australian market in February. Please continue to monitor all incoming stock … and inform customers of their expected delivery of their cars.”

While Hyundai is a South Korean company, China makes parts for most global car brands.

Hyundai's sister brand Kia – which shares common parts – has not issued the same warning to dealers in Australia and says its vehicle production is "being carefully managed". "From Australia's point of view, the situation for us is not drastic at the moment," said a Kia Australia spokesman.

Most car parts suppliers in China have recommenced production after factory shutdowns of one to two weeks. Hyundai is the first major automotive company in Australia to issue a warning regarding lengthy delays on a large number of vehicles.

Retail sales of passenger cars in China fell by a staggering 92 per cent in the first 16 days of February, according to the China Passenger Car Association (CPCA), (4909 sales in the first half of the month versus 59,930 for the same period a year earlier).

Global Mercedes bosses late last week forecast widespread global disruption to parts supply out of China, but were yet to issue warnings about delays in delivering cars to its dealer network.

Japanese car makers Nissan and Honda have delayed the restart of some of their Chinese parts factories, but Toyota is slowly ramping up production at all four of its car assembly lines in the country.

Meanwhile, the supply of Hyundai cars in Australia will also be strangled due to delays caused by yet another interruption to shipments due to stink bugs.

The confidential Hyundai bulletin said: “We have also been advised that the vessel SFL Conductor is currently being quarantined in Melbourne. The Department of Agriculture has requested further tests be conducted (to determine if) further treatment is needed or full inspection of the vessel is required.”

Late last year, Hyundai and its sister company Kia had 10,000 cars delayed one to two weeks due to stink bugs after several ships were stopped from entering several ports around Australia – until the vessels and their cargo were treated to eradicate the pests.

Luxury car brand Mercedes, meanwhile, had a different ecological hurdle. In October 2019 the German car brand had to turn around close to 1000 new vehicles across its entire line-up due to an infestation of snails.

At some considerable expense the Mercedes vehicles had to be quarantine in Australia until special frames could be built so they could be exported in containers, rather than driven on and off a ship.

https://www.drive.com.au/news/hyunda...=homePageNews4

Nearly 80,000 people in 37 countries have been infected and at least 2,600 have died.

[Tickford.]

If the coronavirus isn’t contained, a severe global recession is almost certain:

https://www.marketwatch.com/story/if...ain-2020-02-24

Australia is probably in a better place than most other countries, but we are not immune. Aussie dollar dropping, ASX taking big hits, etc. we could be in for a nasty surprise very soon if this virus keeps spreading like it has been.

[Franco Cozzo]

Originally Posted by Tickford.

If the coronavirus isn’t contained, a severe global recession is almost certain:

https://www.marketwatch.com/story/if...ain-2020-02-24

Australia is probably in a better place than most other countries, but we are not immune. Aussie dollar dropping, ASX taking big hits, etc. we could be in for a nasty surprise very soon if this virus keeps spreading like it has been.

I look forward to gaining back market share from China

[cheap]

Originally Posted by Franco Cozzo

I look forward to gaining back market share from China

Don't hold your breath.

Economic recovery from COVID-19 will take some time, establishing new manufacturing processes and finding new markets are easier said than done.

[Franco Cozzo]

Originally Posted by cheap

Don't hold your breath.

Economic recovery from COVID-19 will take some time, establishing new manufacturing processes and finding new markets are easier said than done.

I've already got interest from the USA and I can get product from Melbourne to the lower 48 states within a week.

It's sad I can get something to a customer in the USA faster than I can with areas of regional VIC

Bring on the lower USD, we're Pacific Mexicans.

[cheap]

Originally Posted by Franco Cozzo

I've already got interest from the USA and I can get product from Melbourne to the lower 48 states within a week.

Bring on the lower USD, we're Pacific Mexicans.

All good and well so long as neither you or your buyer do not incur closed transport (export/import) due to COVID-19.

I'd suggest that when the SHTF, unless you're selling essentials i.e. toilet paper, food or medicine then most people won't be interested in your product.

[Tickford.]

Hmm.. reports now suggest that the 14 day isolation period was not long enough, and people are showing signs of the virus after 21-24 days!

All those people who were released after 14 days isolation, now in with the general population???

[Tickford.]

The most recent (reported) numbers outside of China:

Iran - 96 infected, 16 dead.
South Korea - 1,146 infected, 11 dead.
Bahrain - 21 infected (jumped from 2 to 21 yesterday)
Italy - 323 infected, 11 dead.
Japan 861 infected, 4 dead.
USA - 53 infected.
Vietnam - 16 infected.
Brazil - 1 infected.
Thailand - 3 infected
Kuwait - 11 infected.
Spain - 2 infected.
Algeria - 1 infected.

[Tickford.]

Oops, forgot to include the obvious. Cases in Australia. 23 infected.

https://www.health.gov.au/news/healt...v-health-alert

[Yellow_Festiva]

Originally Posted by Tickford.

Oops, forgot to include the obvious. Cases in Australia. 23 infected.

https://www.health.gov.au/news/healt...v-health-alert

Heard on the radio that 40 countries have cases.

Sent from my LG-M700 using Tapatalk

[Tickford.]

Originally Posted by Yellow_Festiva

Heard on the radio that 40 countries have cases.

Yes, the very latest news suggests about 40 countries outside of China have confirmed cases.

In alphabetical order:

Afghanistan - 1 infected.
Algeria - 1 infected.
Australia - 23 infected.
Austria - 2 infected.
Bahrain - 26 infected
Belgium - 1 infected.
Brazil - 1 infected.
Cambodia - 1 infected.
Canada - 11 infected.
Croatia - 1 infected.
Egypt - 1 infected.
Finland - 1 infected.
France - 17 infected, 2 dead.
Germany - 17 infected.
India - 3 infected.
Iran - 96 infected, 16 dead.
Iraq - 5 infected.
Israel - 2 infected.
Italy - 323 infected, 11 dead.
Japan - 861 infected, 4 dead.
Kuwait - 12 infected.
Lebanon - 1 infected.
Malaysia - 22 infected.
Nepal - 1 infected.
Oman - 2 infected.
The Philippines - 3 infected.
Russia - 2 infected.
Singapore - 91 infected.
South Korea - 1,261 infected, 11 dead.
Spain - 6 infected.
Sri Lanka - 1 infected.
Sweden - 1 infected.
Switzerland - 1 infected.
Taiwan - 31 infected, 1 dead.
Thailand - 40 infected.
United Arab Emirates - 13 infected.
United Kingdom - 13 infected.
United States - 57 infected.
Vietnam - 16 infected.

[Ben73]

Originally Posted by Tickford.

Yes, the very latest news suggests about 40 countries outside of China have confirmed cases.

In alphabetical order:

Afghanistan - 1 infected.
Algeria - 1 infected.
Australia - 23 infected.
Austria - 2 infected.
Bahrain - 26 infected
Belgium - 1 infected.
Brazil - 1 infected.
Cambodia - 1 infected.
Canada - 11 infected.
Croatia - 1 infected.
Egypt - 1 infected.
Finland - 1 infected.
France - 17 infected, 2 dead.
Germany - 17 infected.
India - 3 infected.
Iran - 96 infected, 16 dead.
Iraq - 5 infected.
Israel - 2 infected.
Italy - 323 infected, 11 dead.
Japan - 861 infected, 4 dead.
Kuwait - 12 infected.
Lebanon - 1 infected.
Malaysia - 22 infected.
Nepal - 1 infected.
Oman - 2 infected.
The Philippines - 3 infected.
Russia - 2 infected.
Singapore - 91 infected.
South Korea - 1,261 infected, 11 dead.
Spain - 6 infected.
Sri Lanka - 1 infected.
Sweden - 1 infected.
Switzerland - 1 infected.
Taiwan - 31 infected, 1 dead.
Thailand - 40 infected.
United Arab Emirates - 13 infected.
United Kingdom - 13 infected.
United States - 57 infected.
Vietnam - 16 infected.

What's with Italy? Seems to have a much higher rate than the rest of Europe. I guess Chinese tourists love Italy?

[FordGeezer]

If any of you fellas haven't already, I would recommend getting supplies for a couple of weeks before people potentially start panicking buying and clearing out the stores.
Even if you don't need the supplies you'll end up using it anyway over time.
Better safe then sorry I reckon.

[blueoval]

Originally Posted by FordGeezer

If any of you fellas haven't already, I would recommend getting supplies for a couple of weeks before people potentially start panicking buying and clearing out the stores.
Even if you don't need the supplies you'll end up using it anyway over time.
Better safe then sorry I reckon.

Ive been building a supply for sometime now.

[FordGeezer]

Originally Posted by blueoval

Ive been building a supply for sometime now.

Good planning ahead.
Scott M just announced to prepare for a pandemic today a few hrs ago, now people might panic.
I'm sweating.

[blueoval]

Originally Posted by FordGeezer

Good planning ahead.
Scott M just announced to prepare for a pandemic today a few hrs ago, now people might panic.
I'm sweating.

Im personally not panicking yet. It still feels like a rouse for fear. But with that fear it induces panic and that will make people irrational to the point they 'buy out' the shop shelves to prepare for a decline in human rationale.

Australian's are definitely better off but we aren't immune to the aftermath of this once it blows over.

I have just read, there are a number of pharmaceutical companies that have a vested interest in a multibillion dollar vaccine. How ironic.