Textile fiber producer Lenzing has suspended its earnings guidance as the impact of the COVID-19 outbreak “cannot yet be reliably estimated” while the firm has started cost cutting to offset the “negative impact on its textile sales volume”. Lenzing is deep within the apparel supply chain and so may be particularly exposed to the “bullwhip effect”. A range of production outages – e.g. China – cause initial disruption while a drop in demand – e.g. from apparel makers or clothing buyers in the U.S. – can cause another disruptio...