The horrific collapse of the Francis Scott Key Bridge in Baltimore, Maryland early on Tuesday morning will reportedly lead to widespread disruption to trade, however, Americans experts have revealed that Americans are prepared to avoid another supply chain debacle like that which took place during the coronavirus pandemic.
Still, at a time when our economy is already swirling around the bottom of the toilet bowl, this disruption could not possibly happen at a worse time. Watch for prices on specific goods to increase due to lack of supply here real soon. With so many people thinking that the boat crash that resulted in the collapse being caused by a cyber attack, this could provide a motive. If that’s what happened. As of now, the evidence seemingly points toward an accident, but we’ll have to wait until the investigation is further along to know for sure.
It makes sense. Why would someone do something like this on purpose so late at night when casualties would be minimal? Because a body count wasn’t the goal. Disrupting the economy and trade was. Anyway, that’s just one theory among many right now.
According to The U.S. Sun:
Shipping has been suspended at the Port of Baltimore after a cargo vessel bound for Asia crashed into the Francis Scott Key Bridge early Tuesday morning.
Trade experts have warned that widespread disruption is expected as city chiefs scramble to clear debris and open shipping lanes before attempting to rebuild the bridge. They also claim that there will be calls to cut dependency on imports. The automobile and agricultural sectors will most likely be impacted.
Tinglong Dai, a business expert at Johns Hopkins University, warned there could be up to seven months of disruption.
“It is a 1.5-mile long bridge. It’s not going to be built in a couple of months. It’s not going to happen within three or four months,” he said during an interview with The U.S. Sun.
He also thinks that the industries who suffer the most negative impact from the collapse is the automobile and logistical. Many major brands such as FedEx and Amazon have major distribution warehouses located near the port, however the Port of Baltimore’s share of trade along the east coast of the country is much smaller compared to both New Jersey and New York.
Darren Spinck, an associate fellow at the Henry Jackson Society, alluded to the areas where there could be delays.
“There will be supply [chain] delays on the East Coast with car imports, including Jaguar Land Rovers,” he said. “There also will be a short-term impact on food supplies as the port handles significant imports of agricultural machinery and commodities, including sugar and salt, as well as fertilizers.”
Cargo workers at the port handle imports and exports of popular car brands, including Audi, Bentley, Volkswagen, Nissan, and Jaguar Land Rover.
Ford and General Motors have already taken steps to reroute Baltimore’s shipments.
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