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This week's risks are mostly about continuing weather type risks (Mississippi River floods, Tornado in Florida, El Nino global impacts), but there was a fire at a Chinese Plant last week. Take a moment to see if you are impacted.
The Mississippi River crested in Tennessee and Arkansas as the flood waters move south to the Gulf of Mexico. Waters are expected to reach Baton Rouge next week. See the graphic above for a glimpse at my personal supply chain map to see potential flood risks. http://water.usgs.gov/floods/
A tornado hit southern Florida this weekend. Thankfully, only minor injuries were reported, and we wish our friends in the area a speedy recovery. As for impact to the chemical industry, my personal supply chain does not show an impact (see graphic above), however, do your own due dilligence.
A massive fire broke out in a chemical plant in Lengshuijiang (Hunan, China). While it is often difficult to get details about damage, it is reported that the plant's warehouse contained chemicals and plastic bottles... and that production had been suspended due to an investigation into PVC additives. To me, there is a lot of loose ends in this report. So to mitigate my risk, I plugged in Lengshuijian into my google maps. I do not see a Tier I impact, however, it could be in my Tier II or deeper. Be aware.
El Nino may have peaked, as
agencies report that the Pacific waters have begun to cool. However, the US West Coast is just beginning to see the
expected rains, while wet conditions in the southern US is expected
to continue into March. There are also food security concerns in
Central and South America, the Pacific, and East and Southern Africa.
The Bottom Line: In the US, we should be
aware of floods in the west and southern states. Around the globe, if famine
strikes, expect price increases on commodities tied to corn and soy.
China has announced the plan to set up a $30B fund to support the electronics supply chain. The new fund is to support "supply side" policies, a recent euphemism for reducing excess manufacturing capacity, however, today it is being use to describe support for financing advanced technologies and supporting companies that are having financial difficulties. On the other side, trade groups feel like this gives Chinese companies an unfair advantage.
Author: Charlotte Hicks
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Image Credit : Flooding and Tornado risks by Charlotte Hicks is licensed under CC BY 2.0
“ The article is based on the information available in public and which the author believes to be true. The author is not disseminating any information, which the author believes or knows, is confidential or in conflict with the privacy of any person. The views expressed or information supplied through this article is mere opinion and observation of the author. The author does not intend to defame, insult or, cause loss or damage to anyone, in any manner, through this article.”
