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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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There are growing concerns that the recent outbreak of a novel coronavirus, SARS-CoV&shy;-2, which causes &ldquo;coronavirus disease 2019&rdquo; (abbreviated as COVID-19), will have a serious negative impact on the global economy. U.S. businesses who depend on Chinese suppliers may soon be facing product shortages and supply chain disruptions. This client update (i) addresses whether U.S. businesses need to be concerned about possible exposure to the virus from goods imported from China, and (ii) identifies contractual considerations to help companies manage potential supply chain risks based on their relationships with Chinese suppliers, customers and transportation providers.
Key Notes:
<ul>
<li>The risk of coronavirus transmission from imported goods is currently considered highly unlikely.</li>
<li>U.S. businesses should engage in contingency planning, including evaluating alternative sourcing and the potential future need for increased transportation capacity.</li>
<li>Disruptions may affect contracts between U.S. businesses and Chinese suppliers, and U.S. businesses and buyers of finished goods.</li>
<li>Transportation contracts should be reviewed for minimum volume commitments and capacity protections.</li>
</ul>
Continue reading: view this client bulletin in <a href="https://www.thompsonhine.com/publications/the-coronavirus-threatens-us-company-supply-chainspractical-tips-and-contract-considerations-to-manage-risk" target="_blank" rel="noopener noreferrer">HTML</a> or <a href="https://www.thompsonhine.com/uploads/1648/doc/Transportation_Update_-_The_Corona_Virus_Threatens_U.S._Company_Supply_Chains.pdf" target="_blank" rel="noopener noreferrer">PDF</a> format.

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Novel Coronavirus Threatens U.S. Company Supply Chains – Practical Tips & Contract Considerations to Manage Risk