CEO of spice maker McCormick: 'We've lived all phases of this crisis' and China is coming back
McCormick & Company Chairman and CEO Lawrence Kurzius said Thursday the spice maker's business in China has improved in recent weeks as that country emerges from the coronavirus outbreak.

"We've lived all three phases of this crisis," he said on CNBC's "Squawk on the Street." "Our China business is coming back."

McCormick, the maker of Old Bay Seasoning, French's mustard and Frank's Red Hot, has three plants in China, including one in the city of Wuhan in Hubei province, Kurzius said. The coronavirus originated in Wuhan late last year.

"All of our facilities are open. People are back at work. We're operating normally," he said.

Retail demand from consumers is "through the roof," Kurzuis said, but he cautioned that not everything has gone back to normal. He said the company's food service business is recovering at a slower pace.

"Quick service restaurants and regular food service restaurants are open largely, but customer traffic is building. It's going to take a while for that to rebuild," he said.

Kurzius' insight into how McCormick's China business is recovering from the outbreak fallout comes during a debate over the Chinese government's transparency around the crisis.

Bloomberg recently reported that U.S. intelligence officials told the White House that China deliberately downplayed the scale of the outbreak, limiting the reported number of confirmed cases and deaths.

There have been more than 82,400 confirmed cases in China and 3,322 deaths, according to composite data Thursday morning from Johns Hopkins University. Chinese health officials also have reported a step decline in new cases over the last few weeks.

But Kurzius is among other business leaders who say the situation on the ground in China has improved. Starbucks has reopened around 95% of the stores it temporarily shuttered in China in response to the virus' spread, CEO Kevin Johnson told CNBC last week.