Global Trade Sputters, Leaving Too Much Here, Too Little There [The New York Times]
General Motors Company (GM)
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Source: The New York Times
WASHINGTON — Factories are idled. Workers are in lockdown. Goods are piling up at some ports, while elsewhere container ships sail empty. Dairy farmers are dumping their milk, while toilet paper aisles at the grocery store have been picked bare.The spread of the coronavirus has disrupted global supply chains, leading to shortages and price increases that are cascading from factories to ports to retail stores to consumers. While factories in China have been slowly restarting as the country’s epidemic fades, many manufacturers in India, the United States and Europe are powering down, or running at partial capacity.These disruptions in global trade could grow more noticeable in the months to come, as consumers hoard products and countries clamp down on exports of medical supplies and even food. Shoppers may see more shortages of unexpected products, including laptops, toilet paper and medicines. Some companies could find themselves lacking raw materials and components, a recipe for furth
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