"Businesses are dusting off their contingency plans, with 52 percent reporting that they have taken measures — e.g., increased prices, changed suppliers, decreased operational costs, protected cash flow — to prepare for an economic slowdown."

Frederick Crosby, chief revenue officer at Veem, a next-generation global payment network that enables businesses to send and receive payments, writing on Total Retail about how retailers are preparing for disruption related to the coronavirus outbreak.