Ames, IA (Radio Iowa)– Supply chain experts say the bridge collapse that closed the Port of Baltimore last month is not expected to have any major impacts on manufacturers in the Midwest, even though the port itself may not fully reopen for another month and a half.
Frank Montabon is a professor of supply chain management at Iowa State University. He says farmers buying equipment could see cost increases because of the situation in Baltimore, but the average consumer likely will not.
A colleague of Montabon, Henrik Sternberg, ways domestic impact from the collapse will likely be small but it may be a different story overseas.
The Maryland port moved nearly 81-billion-dollars in foreign-bound cargo last year, part of which came from major ag equipment manufacturers like C-N-H Industrial and John Deere. Replacing the bridge may cost 400-million dollars and take several years.