Despite equity markets around the world shrugging off early fears surrounding the COVID-19 outbreak, the list of disrupted supply chains and downward adjustments still grows longer by the day.

Here are some of the companies and markets that are being negatively impacted by the outbreak:

  • Toyota warned that the coronavirus would accentuate the slowdown in vehicle sales that had already been setting in before the outbreak hit. “I don’t think there is any mood to buy cars at the moment so there will be an impact (on sales),” in the words of Masoyoshi Shiraayanagi, the company’s operating officer.
  • Nintendo announced that domestic deliveries of its Switch console would be delayed due to production disruptions of its Joy-Con controllers in China. The disruption is also impacting its best-selling ‘Ring Fit Adventure’ peripheral.
  • Fiat Chrysler warned that it will be forced to shut down its European facilities as soon as two weeks from now due to shortages of China-sourced parts. Four of its China-based suppliers have been affected by the outbreak, with one supplying a ‘critical’ component for European production lines.
  • Hyundai halted all production in South Korea earlier in the week due to a shortage in a China-sourced component. The plants will re-open on February 11th at the earliest.
  • Ford and Fiat Chrysler plants in and around Wuhan remain closed through to February 10. Honda and Renault plants in the area will be shuttered through to at least February 13. General Motors will keep its plants closed through to February 9.
  • Recent eye-watering gains by Tesla stock were punctuated by a meteoric drop of nearly 20% on Wednesday on the news that Model 3 deliveries out of the company’s Shanghai factory will be delayed due to the outbreak. The factory remains closed after an extended lunar New Year holiday, and it remains unclear when it will reopen.