Here's how the 30 Dow companies are preparing for the impact of the coronavirus
As the Dow Jones Industrial Average is in the midst of what could be its worst weekly decline since the financial crisis amid concerns regarding the spread of the COVID-19 coronavirus, many of the companies that make up the Dow Jones Industrial Average are preparing for potential workplace disruptions.
MarketWatch asked the current 30 companies that make up the Dow Jones Industrial Average DJIA, -2.72% about how they are preparing for potential workplace closures and whether the outbreak could have a material impact on their earnings. Cisco Systems Inc. CSCO, -2.75% said it is “focused on helping reduce the impact of Coronavirus on our customers and employees.” The company noted that its Webex division, which develops and sells online meeting and video conferencing applications, has seen an expanded user base in the wake of the coronavirus outbreak. Traffic on some of Webex’s routes in China has increased 22 times, while the company has seen between four and five times as many users in Japan, South Korea and Singapore.
The company noted in a statement to MarketWatch that it has taken precautionary measures to protect employees, which include “providing face masks and hand sanitizers, installing temperature screening in offices and manufacturing facilities, as well as setting up health monitoring mechanisms in affected regions.”
For a daily take on the virus: Coronavirus update: 82,549 cases, 2,810 deaths, 1 possible case of spread in the U.S., Trump administration response under scrutiny Earlier this month, J&J said its Janssen Pharmaceutical business has expedited its investigational coronavirus vaccine program through an expansion of its collaboration with the Biomedical Advanced Research and Development Authority .
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