Coronavirus (COVID-19): How It Affects The Vape Market
Posted on février 24 2020
The coronavirus outbreak in China that has killed over 1,000 people and has infected up to 60,000 people worldwide may just affect today’s vape market. Companies that carry marijuana vaporizers and nicotine vape devices often depend on many Chinese suppliers for products and replacements.
Another coronavirus outbreak emerged almost 2 decades ago, known as SARS. SARS killed 774 people, caused panic, and affected the global economy greatly.
After SARS, many businesses learned they had to diversify their supply chains. Having back up plans in place or multiple suppliers helps a business to stay afloat in case some suppliers are forced to close or are unable to ship product. However, generally for smaller businesses it is more difficult to create such contingency plans.
Currently the coronavirus COVID-19 has forced many car plants, luxury brands, and global supply chains to close many locations in China. Some economists do say that the current level of disruption COVID-19 is causing is still manageable. If the number of cases begins to decrease, we can expect the factories in China to reopen, keeping the economic damage minimal. On the other hand if coronavirus COVID-19 continues to spread, the economic damage will also increase.
For the vaping industry, many suppliers have not been able to ship products from China. Other Chinese manufacturers are also closed for the time being. This may make it difficult for consumers to find their vape replacements if stock runs low. Companies with more stock and more products will advance compared to those with fewer items in stock. The Vape Company has a variety of starter kits, box mods, pod systems, tanks, coils, and e-liquids available for sale and we hope to maintain a steady inventory level throughout this crisis.
For Any Questions About Product Availability Call Any Of The Vape Company Locations Or Email Us: support@TheVapeCompany.com