The Verge is reporting that Taiwanese company Foxconn will not be adjusting manufacturing schedules or closing factories as China struggles with the coronavirus outbreak.
Foxconn manufactures electronics for numerous companies and is probably most well-known for manufacturing Apple’s iPhones. The company operates several factories on the Chinese mainland. In the wake of the coronavirus outbreak, China has put as many as 15 cities in lockdown, with Wuhan—where the virus was initially identified—under virtual quarantine. Financial experts around the world are warning the virus could have serious consequences across industries.
In spite of the dire circumstances, however, Foxconn does not foresee any impact to its manufacturing.
“Foxconn is closely monitoring the current public health challenge linked to the coronavirus and we are applying all recommended health and hygiene practices to all aspects of our operations in the affected markets. Our facilities in China are following holiday schedules and will continue to do so until all businesses have resumed standard operating hours,” the company said in a statement, according to The Verge.
“As a matter of policy and for reasons of commercial sensitivity, we do not comment on our specific production practices,” the company continues, “but we can confirm that we have measures in place to ensure that we can continue to meet all global manufacturing obligations.”
It remains to be seen the impact the virus will have on business and world economies, but Foxconn’s statement should help reassure at least some sectors.
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