How dangerous could the coronavirus be for the watch industry?
(WorldNews China)

REUTERS/Pierre Albouy The coronavirus outbreak has resulted in port closures , which has affected the global shipping trade. Consequently, the Swiss watch industry (which typically has a strong market in Asia) has suffered. People in China are also staying home and caring for the sick, and with no one shopping, stores are shuttering. Similarly, industry professionals (including journalists) may be hesitant to travel globally to some of the watch industry`s biggest events of the year, including Baselworld and Watches & Wonders . The situation is similar to 2003`s SARS outbreak, which saw a sharp drop in sales in Hong Kong. Most...