We’ve been monitoring how the 2019 novel coronavirus (COVID-19) outbreak is impacting the food and beverage industry. Based on earlier reports, many retail companies in China are prioritizing the safety of their employees, and consumers, therefore shutting down facilities in the meantime. Starbucks has closed 2,000 outlets of its 4,300, according to a BBC report . The coffee company expects its financial performance to slide as a result of the outbreak. About 10% of its global revenue for the first quarter came from the China market. For Mondelez International, China is also an emerging market, accounting for 4.6% of sales. The company has heavily invested in product development and marketing in China, according to a CNBC report . The snacks company had to close two factories which are located near Wuhan for now. Coca-Cola has also shut down offices and manufacturing facilities temporarily as a precautionary measure. In a recent conference call with analysts, CEO James Qu