Lubbock businesses feel the effects of Coronavirus on the global - FOX34 Lubbock

Lubbock businesses feel the effects of Coronavirus on the global economy

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LUBBOCK, Texas -

The markets have rebounded some, after taking a colossal hit last week. 

On Friday, stocks took the largest tumble since 2008 due to the spread of COVID-19. 

The disease which originated in Wuhan, China weighing heavily on traders in several industries. The effects, can be felt even here in Texas. 


"Right now there's not a lot of gowns to choose from, and there's not a lot of sizes," owner of "GownTown" Darla Trocchio said. 


Trocchio has been unable to place many orders ahead of the upcoming prom season. The designers she buys from, get their gowns made in China. 

At the moment, she's fully stocked having placed her orders back in August, but still has some concerns about the near future.

"I think in time, that we're going to get back on track. I just don't know if it's going to be fast enough for this prom season. That's the big question, are we going to be able to order more gowns before prom this year," Trocchio said.

Steve Massengale, of "Advanced Graphix", has also seen some delays in fulfilling orders. Mostly tech products like power banks and flash drives.

"Well it certainly affected how we received product and the timeliness in which we've received product. We've been able to pivot from that in a lot of cases, possibly find a substitute product, but we are feeling the effects of advanced graphics," Massengale said. 


Both owners remain cautiously optimistic. 


"I think it's caught our attention, I don't know we're to the worried stage just yet, but we're watching closely," Massengale said.


"It's a little concerning, and I'm hoping that it's just going to eventually work it's way out. And without a lot of panic, I hope," Trocchio said. 


With China deeply entangled in the world's global economy it is hard to tell just how much  and how long Chinese manufacturers will be affected for.

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