The collapse of Baltimore’s Francis Scott Key Bridge will deal another blow to the U.S. auto industry, which is still recovering from the pandemic. Ford Motor CFO John Lawler saw a threat to the automobile market, his words leads Bloomberg.
An accident on a bridge leading to the major port of Baltimore will disrupt the supply chain for cars. Because of this, leading manufacturers such as Ford and General Motors will have to redirect parts to other East Coast ports or to other parts of the United States.
The American auto industry is just recovering from a prolonged shortage of semiconductors and other parts during the COVID-19 pandemic. The supply crisis has exposed vulnerabilities in industry, which has been disrupted by supply delays.
The Patapsco River Bridge in the US state of Maryland serves as a link between Baltimore Harbor and Highway 695. The structure collapsed following a collision with a cargo ship. After a container ship rammed a support beam, several central spans of the 2.7-kilometer-long four-lane steel bridge collapsed.
The Port of Baltimore, which served the bridge, handled more than 52 million tons of international cargo valued at more than $80 billion, the ninth-highest total among U.S. ports. The port supports 15.33 thousand jobs and 139.18 thousand related jobs in Maryland. State Governor Wes Moore declared a state of emergency due to the bridge collapse.
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2024-03-26 20:15:35