The Francis Scott Key Bridge disaster is a horrible tragedy for the people in Baltimore. But it’s put a ripple effect into motion that could impact the country’s economy as a whole.
Here’s Five Fast Facts About the Bridge Disaster Impact:
- 🌉 Heavy Traffic - The Port of Baltimore is one of the busiest in the country. Since the disaster, it has halted all vessel traffic indefinitely. There is no telling when it will reopen.
- 🚗 Car Lot - The Port is the largest handler of imported and exported cars and light trucks and one of the largest economic generators in Maryland alone. It ranks ninth among US harbors for both tonnage and dollar value of foreign cargo.
- 🛻 All Connected - There’s an ecosystem built around the port. The closure affects the trucking industry, intermodal transport networks, Amazon’s logistics, and logistics for the entire East Coast.
- 🚢 Disruptive Behavior - Experts predict shipping disruptions across the country, but they’ll be short lived, thanks to the supply chain enhancements that were put into place during the pandemic.
- 🚙 Speedbump - The disruptions should be short-lived since there are other ports in the area. It will take some time to figure out what is going where and when.
🔥Bottom line: The situation is definitely a disaster, but it looks like some human ingenuity will get things back on track as quickly as possible. The crazy thing is the speed of the recovery is due in part to the pandemic. We can’t complain about it for once!
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