Bridge collapse disrupts key trade lane, prompting new supply chain woes
The collapse of Baltimore’s Francis Scott Key Bridge, which severed ocean links to the city’s port, adds a fresh headache to global supply chains already struggling with the effects of war, climate change and higher interest rates. Tuesday’s mishap means a significant disruption for East Coast shipping, with trade in autos, coal and machinery likely to be the hardest hit, according to government officials and industry executives. It comes as global shippers are grappling with a historic drought
Source: yahoo.com
