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Economy

[U.S.] “…Francis Scott Key Bridge collapse ‘will spark US food & car supply [chain] issues…’” [Increased Prices]

THE… bridge collapse in Maryland will result in widespread disruption to trade but Americans are set to avoid a return to the supply chain chaos seen during the Covid-19 crisis, experts have said. 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…

Tinglong Dai, a business expert at Johns Hopkins University, warned there could be up to seven months of disruption... “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.”…”

https://www.the-sun.com/news/10892304/francis-scott-key-bridge-maryland-supply-chain-issues/

This is going to drive the price of goods and services up. Deliveries will take longer in general as well.

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