As the coronovirus epidemic continues in China, it also continues to have a resounding impact on the U.S. for two main reasons, Chinese citizens are limiting the amount they are eating out and the ports are backed up so ships are diverted and held up at checkpoints. The lagging of shipping has also caused cold-storage facilities to fill and become backlogged with the anticipated orders from months prior. Companies are forced to increase the amount of cold-storage they utilize, creating an additional expense. Could an event like this affect your bottom line? Through Oxford’s Actual Net Loss Policy, we could potentially help mitigate your losses.
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