Five steps firms should take against coronavirus

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We need to focus on what we can control, writes cost consultant Steve Watts

No one knows how bad this will get.

It does feel like it will worsen before it gets better, and in the short-term there are real potential added costs on current projects.

We already have examples of the procurement of components having to be switched from China and other places to “safer” sources, with a price premium because of the more expensive source, together with a potential delay.

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