Here's how Salesforce thinks it might be impacted by the coronavirus - Business Insider

Salesforce CEO Marc Benioff recently told analysts that the company won't be affected by the ongoing coronavirus outbreak because it's built to withstand recessions and crises like this one.

. He said the company he built with co-founder Parker Harris was built to withstand recessions and crises like this one. Nonetheless, the company is preparing to possibly see some impact on its business due to the outbreak. While these are all speculative scenarios, Salesforce mentioned several potential effects from coronavirus, including those they can't yet predict,Here are the four ways in which Salesforce thinks it might be hurt by coronavirus in the long term: VIVEK PRAKASH/AFP via Getty Images)

If businesses choose to be more conservative with their spending, Salesforce thinks it could impact the company's ability to sign on new customers or retain existing customers. The company noted that the coronavirus could disrupt the supply chain of hardware needed to maintain these third-party systems that Salesforce runs its business on. A lot of that hardware has supply chains in China, where the outbreak started, and is subsequently impacting business operations in affected regions.

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Source: Forbes - 🏆 394. / 53 Read more »

Why The Business Impact Of The Coronavirus Will Linger—And What To Do About ItWhy are markets so spooked? The economic concerns are not so much about the virus itself. They are about the prolonged impact of supply shortages paired with wavering consumer confidence and reduced spending due to response measures. What can be done? You could make color coordinated face masks! Red for infected! troubling, i get the impression many media articles, not excluding those by forbes, are written from the perspective of somebody believing they will not themselves in the near future contract the virus, when in all likelihood they most probably will.
Source: Forbes - 🏆 394. / 53 Read more »