Supply Chain Research

Industrial crane maker Konecranes has withdrawn its earnings guidance and cut its demand outlook in connection to the coronavirus outbreak. The firm has stated that demand “across our customer segments and regions is deteriorating”. That shouldn’t be a surprise given the warnings regarding the outlook for volumes from across the logistics industry – Konecranes supplies ports. It also comes against the backdrop of an 11.3% year over year slide in imports of all types of cranes in the U.S. in the three months to Jan. 31. Seaborne imports linked to Konecranes meanwhile fell by 15.2% year ov...