Mexican earthquake complicates COVID-19 recovery sourcing challenges — Panjiva
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Mexican earthquake complicates COVID-19 recovery sourcing challenges

Cons. Discr. - Retailing 490 Consumer Staples 778 Coronavirus 511 Mexico 900

A 7.4 magnitude earthquake has struck Mexico, with the epicenter at Huatulco in the state of Oaxaca. The tragic event saw damage spread as far as Mexico City, with Petroleos Mexicanos stopping oil refining production in the state. Panjiva data shows that Mexican exports from that region had already fallen by 24.9% year over year in April and May, with the vast majority of exports bound for the United States. Companies that may have sourcing in the area include Menard and Global Bioingredients. Both saw similar trends to the region, with activity down by 38.8% year over year for Menards a...

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