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Covid-19: Disruptions in global supply chains may be worse than for Sars

Recovery expected to be slow as consumer confidence flags, companies delay investment and expansion plans

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Kelly Ng

Kelly Ng

Published Mon, Mar 23, 2020 · 09:50 PM

    Singapore

    THE current novel coronavirus outbreak could cause larger disruptions to global supply chains than the severe acute respiratory syndrome (Sars) epidemic in 2003, says OCBC Bank chief executive officer Samuel Tsien.

    In an e-mail to the bank's customers last Friday, Mr Tsien cautioned that amid volatile markets and "significant uncertainties", recovery from the crisis will be slow, though accelerating till 2021.

    Singapore banksCovid-19OCBC

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