GE Renewable Energy eyes Covid-19 supply chain risk

GE Renewable Energy says mitigating the impact of the coronavirus on its enormous wind energy generation supply chain will be one of its top-four focuses in 2020, with plant shutdowns in China already forecast to dent the bottom line of parent company General Electric.

Renew Economy is reporting that in an investor update, the US industrial giant said the impacts of Covid-19 were being felt across the company’s supply chain and flagged a potential hit to its bottom line in the first quarter.

“Covid-19 will hit free cash flow by $US300M-$500M in Q1, as well as operating profits by $200M-$300M,” the investor report said.

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