The coronavirus outbreak is slowly creating a scarcity of white goods in India. Being highly dependent on markets like China and South Korea for supply of key electronic goods and product components, India is seeing the quantity of goods shrinking even as prices rise.
Indian customers rushing to purchase air conditioners or refrigerators ahead of the onset of summer may be in for a disappointment. Either their favourite product may be out of stock or priced 10-15 percent higher.
“We are in constant communication with manufacturing units in China and South Korea. The situation is not under control and is a cause for worry because the inventory may last only till the first week of May,” the head of a large consumer electronics retailer said.
Coronovirus Disease 2019, or Covid-19, originated in Wuhan, China. South Korea, which is home to leading electronic majors like Samsung and LG, is now the second largest country after China to be affected by the deadly outbreak.