The coronavirus outbreak is having a serious ripple effect throughout global supply chains. Factories have shut down, product flow in many cases has come to a halt, and consumer purchases of all but the most essential items are plummeting. At the same time, importers and exporters are coping with the everyday problems of international trade. […]
Archive for March 24th, 2020
Ocean shipping is passing through multiple stages of coronavirus fallout, and the journey appears far from over. Stage one combined a containerized-goods supply shock and bulk-commodity demand shock, both centered in China and driven by temporary closures of factories, mills, plants, land transport and terminals.
Terminals at the ports of Seattle and Tacoma, Washington, were operating normally Monday, had no confirmed cases of the coronavirus and, for the time being, had enough disinfecting supplies, according to Northwest Seaport Alliance (NWSA) Chief Executive Officer John Wolfe.