Kansas City Southern flags Mexican COVID-19 risks; GM and Mazda exposed — Panjiva
MENU

Panjiva_research_logo

Kansas City Southern flags Mexican COVID-19 risks; GM and Mazda exposed

China 2393 Cons. Discr. - Autos 858 Coronavirus 256 Corp - Ports 753 Mexico 656 Mode - Seaborne 1501

Mexican ports may soon feel the impact of a reduction in shipments from Asia linked to the coronavirus outbreak. Kansas City Southern’s CFO, Michael Upchurch, has stated that “60% of our container traffic at the port of Lazaro could see some disruption”, and is particularly focussed on the autos industry. China represented 18.8% of imports into the port of Lazaro Cardenas in 2019 followed by South Korea at 18.4%. Total imports to the port fell by 14.0% in January, though that was driven by lower shipments from the U.S. with imports from China actually rising by 3.3%. Shipments into Carde...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.