Michelin CFO on Coronavirus, Reopening China Factories, 2020 Outlook

The transcript discusses the impact of the coronavirus on business operations, focusing on employee safety, factory operations, and sales in China. It highlights the challenges in predicting long-term effects and the cautious approach taken by the company. The 2020 forecast is based on market trends, with potential negative impacts from the coronavirus. The company is in discussions with customers to address concerns and ensure supply chain stability.

What was the company's primary concern at the onset of the coronavirus crisis?

• Impact on global sales

• Lower commodity prices

• Employee safety

• Supply chain disruptions

Why did the company decide to reopen its factories in China?

• To move production elsewhere

• To serve the Chinese market

• To reduce costs

• To increase inventory levels

What was the basis for the company's 2020 outlook?

• Lower commodity prices

• Impact of coronavirus

• Global market trends

• Increased demand in China

How much of the company's global sales does China represent?

• 20%

• 15%

• 10%

• 5%

What is the company's main concern regarding its supply chain?

• Rupture in supply chain

• Increased production costs

• Decreased demand

• Employee layoffs