For a company that deals with logistics and china, the virus will soon have a drastic effect on revenue given that majority of airline flights are being cancelled until end of March for most major cities.
Less flights and sailings means more competition for existing space on aircraft and boats, which means paying more $ per kg to get their product into and out of china.
So, not only has demand for Fruit, and seafood reduced significantly, more money has to be paid to get whatever product is still travelling, to its destination.
Would not want to see next earnings.
WWG Price at posting:
15.0¢ Sentiment: Sell Disclosure: Held
