Businesses respond to Baltimore bridge collapse: A closer look at company reactions (Source: Reuters)

Businesses respond to Baltimore bridge collapse: A closer look at company reactions (Source: Reuters)

(Reuters) – A major bridge collapsed at the U.S. port of Baltimore after being hit by a container ship, plunging cars into the river below.

Here’s what automakers and other businesses that use the port have said about the impact on their operations:

ASR GROUP

The largest sugar company in the United States said it has six to eight weeks of raw sugar inventory at its Baltimore sugar refinery, which is supplied by ships arriving at the Port of Baltimore.

The company added, however, that it does not expect any short-term impacts on its operations in the region.

BMW (ETR:)

A spokesperson said in an email to Reuters that the German automaker does not expect any immediate impact other than short-term traffic delays.

The company uses the Port of Baltimore to import vehicles, but the auto terminal is located at the entrance to the port, across from the bridge, and remains accessible, the spokesperson added.

FORD

Chief Financial Officer John Lawler said the Baltimore bridge collapse and subsequent port closure would force the automaker to divert parts to other ports and impact its supply chain.

Ford (NYSE:) told Reuters in a statement “when workarounds are necessary in the short term, our team has already found shipping alternatives.”

GENERAL MOTORS

The U.S. automaker said it was working to reroute its vehicle shipments and added that it expected minimal impact from the bridge collapse, according to a Bloomberg report.

DEPOSIT AT HOME

A Home deposit (NYSE:) spokesperson said the company confirmed its Baltimore-area distribution centers are “open and operational.”

MERCEDES-BENZ United States

CEO Dimitris Psillakis said in an interview with CNBC that it was too early to see any impact from the Baltimore bridge collapse on the automaker’s business.

VOLKSWAGEN

The German automaker said its port operations in Baltimore were not affected by the bridge collapse due to the location of its facilities.

“We do not anticipate any impact on vessel operations, but there may be delays in truck transportation as traffic is diverted in the area.”

VOLVO GROUP

The Swedish company, which makes trucks, construction equipment and engines, said it was reviewing its inventories at its U.S. production facilities to see if and when there might be a worst-case disruption, adding that it currently does not expect any major impact.

“We are currently reviewing inventories at our U.S. production facilities to see if and when there might be a worst-case disruption (no port access, no other ports, or very limited access to other ports), but we don’t expect a huge impact at this point,” the company spokesperson said.



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