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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

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SOURCING / BUSINESS DEVELOPMENT MANAGER - FERGUSON GLOBAL

Ferguson Global is seeking a Sourcing / Business Development Manager to assist in our Southeast Asia sourcing expansion. This position will report directly to our Regional Manager based in Taiwan and work closely with our staff at Ferguson Enterprises, LLC headquarters in Newport News, VA, USA.

PROJECT MANAGER - ALCON SINGAPORE

The Project Manager (PMO) is a highly visible role that is responsible for driving the transformation activities for Singapore Replenishment Center (SRC) and 3rd party service providers’ warehouses migration from current location to a new location. This leader will lead cross-functional internal and external resources and has overall accountability of the execution and performance of projects and transformation initiatives.

WAREHOUSE OPERATION MANAGER - MAERSK

Manage DC daily operation activities at warehouse facility. To ensure strict execution of the SOP and meet KPIs.

CFOs EXPECT CORONAVIRUS TO SIGNIFICANTLY AFFECT OPERATIONS AND REVENUE, SURVEY SAYS

2020-03-24 17:29:37

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CFOs EXPECT CORONAVIRUS TO SIGNIFICANTLY AFFECT OPERATIONS AND REVENUE, SURVEY SAYS

‘The situation is dynamic,’ said Scott Settersten, CFO of Ulta Beauty Inc., on the impact of the coronavirus outbreak on the cosmetics company.

PHOTO: GABBY JONES/BLOOMBERG NEWS

 

 

Finance chiefs are bracing for the coronavirus pandemic to have a significant impact on their businesses, potentially reducing this year’s revenues and profit, a new survey says.

 

 

CFOs and finance executives, mostly at Fortune 1000 companies based in the U.S. and Mexico, are concerned that the pandemic could lead to a global economic downturn, disrupting their businesses, according to a bimonthly PricewaterhouseCoopers survey of about 50 respondents conducted March 9-11, when U.S. markets were in the middle of a steep decline.

 

 

Fifty-four percent of respondents said the outbreak has the potential for significant impact to their business operations. Fifty-eight percent said they expect their company’s revenue or profit to drop this year as a result of the virus. Others said they are considering supply-chain changes or that the impact has been limited to specific regions.

 

 

Since the survey was taken, however, the outlook for businesses has likely worsened. Stocks continued to fall. Travel restrictions have been expanded. Retailers across the country have temporarily closed stores. Meanwhile, bars and restaurants in some major cities face restrictions.

 
 

CFOs will grow more pessimistic in the short term before assessing what it could mean for 2021 and beyond, Tim Ryan, U.S. chair and senior partner at PwC, said on a call with reporters.

 

 

Uncertainty, especially regarding both the length and severity of the pandemic, is a predominant concern for CFOs, Mr. Ryan said.

 

 

In the coming weeks, finance executives will likely ramp up their scenario planning to determine alternative measures as the virus spreads, Amity Millhiser, vice chair and chief clients officer at PwC, said on the call.

 

 

“The situation is dynamic, and it’s very difficult to predict or quantify the impact of any potential disruption to our supply chain, changes in consumer demand or any other actions that may become necessary as events unfold,” said Scott Settersten, CFO of Bolingbrook, Ill.-based cosmetics company Ulta Beauty Inc., on an earnings call March 12.

 
 

Chad Cohen, CFO of Seattle-based biotechnology company Adaptive Biotechnologies Corp., said he is trying to stay focused on his company’s long-term finances.

 

 

“It’s important not to do anything that weakens your position competitively once you come out of a downturn,” Mr. Cohen said in an interview. “If you talk to most CFOs, they’ll probably tell you that they cut too hard or made too many decisions to turn down programs or to decrease areas of investment that were strategically important to them during these times of uncertainty.”

 

 

Nearly half of the finance executives surveyed said they anticipate changing their financial disclosures to address the virus. Fourteen percent of the executives said they are not considering any financial actions in response to the outbreak.