The coronavirus outbreak is having adverse effects on many Australian industries, but it could provide some welcome news for motorists. Retailers are bracing for potential product shortages and sales drops as Chinese factories cease operation. But Commsec Senior Economist Ryan Felsman says the severity of the impact felt by factory shutdowns remains unknown. “A lot depends on what happens as far as the contagion is concerned in China,” he told 3AW’s Neil Mitchell. “We are seeing a shutdown of factories which produce toys and a whole host of products, so that could impact the broader supply chain where Australian retailers source their goods and services from.” It remains unclear whether supply shortages will cause price hikes. “There’s a potential situation where Australians could start buying goods and services that are Australian made, rather than made in China,” Mr Felsman said. Australian exporters are also feeling the effects of the […]