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Port of Los Angeles is projecting a 25% drop in container volumes this month, as the economic impact of the coronavirus spreads across shipping operations and foreign supply chain. Imagine if 1 in 4 goods imported from Asia suddenly stopped coming. Impact just starting.
Here is where the data will show up. It will not be until around March 15 that they have data for February. Here is January only data, which was before major decline started. portoflosangeles.org/business/stati…
Another data point. Massive drop in air pollution in manufacturing belt of China, where goods that supply much of the world are made. Many factories offline
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