BELOW SUPERNAV drop zone ⇩

What are possible economic issues caused by Hurricane Ian?

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — Hurricane Ian, the Category 3 storm currently making its way to Florida, could affect the country’s supply chain, which has already seen its share of issues through the years.

“We’re seeing the port of Florida evacuating a lot of cargo ships,” NewsNation business contributor Lydia Moynihan said, adding that this could lead to “snafus” in the supply chain.

The Tampa Bay Times reports that Florida residents have been stocking up on items ahead of the hurricane’s arrival into the state, and shelves will likely be empty before the storm, and in the days or weeks after. Stores might also close earlier than usual to ensure employee safety, the newspaper said.

WFTV in Orlando reported high winds and power outages could also cause some issues when it comes to transporting goods. For one thing, trucks can’t operate when winds are gusting too high, experts told WFTV, so those who don’t have reserves in their tank could go without fuel shipments for a few days.

Florida’s manufacturing companies and factories could take the longest to recover, Bindiya Vakil, CEO and founder of supply chain mapping company Resilinc, told the Tampa Bay Times, as larger retailers have inventory and warehouses outside the storm’s impact zones and can restock once roads are cleared.

“You may not immediately see it as a consumer, but indirectly over the next few months, it does impact (the) supply chain financially because the factory that made something in Florida didn’t ship for 4 weeks,” Vakil said in the Tampa Bay Times.

As a precaution for the hurricane, BP and Chevron chose to cut oil production in the Gulf of Mexico, according to Reuters.

Luckily, though, the nation isn’t very reliant on Florida for its gasoline production, Moynihan said on “Morning in America” Tuesday.

“It doesn’t look like we’re going to take much of a hit when it comes to gas prices at the pump,” she said.

Reuters contributed to this story.

Weather

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

66°F Sunny Feels like 66°
Wind
6 mph WSW
Humidity
39%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 47F. Winds N at 5 to 10 mph.
47°F Clear to partly cloudy. Low 47F. Winds N at 5 to 10 mph.
Wind
7 mph N
Precip
12%
Sunset
Moon Phase
Waning Gibbous