Copyright © 2020 Albuquerque Journal
Contagion has yet to hit the U.S.-Mexico border region, but as the new coronavirus spreads across the globe, companies and trade experts are closely monitoring the outbreak and preparing for disruptions.
Some companies at the Santa Teresa border industrial parks in southern New Mexico are already facing dwindling supplies from China and South Korea, where international shipments of goods and components critical to operations here slowed down or ground to a near halt in the past month, said Jerry Pacheco, executive director of the International Business Accelerator and president of the Border Industrial Association.
“Anyone tied into Korea or China is feeling the strain,” Pacheco said. “One company with materials that come from China and go into their plant here told me that many Chinese suppliers have had to shut their plants down, or that only 50% of the workforce is showing up.”
Items like automobiles and electronics contain thousands of components, and a delay in receiving just one component delays production of that item.