Advance Trading market analyst Tommy Grisafi says one thing the coronavirus outbreak and shutdowns have shown him is how vulnerable the U.S. supply chains have become. “With the Mexico and Canada borders shut and as manufacturing shuts down in America, where will farmers get parts? How will they get this crop in? If farmers lose a $10 part and the store doesn’t have it, where are they going to get it? I don’t think people are thinking about how fragile our system is and how fast things can change,” explains Grisafi. “Everyone has this cavalier attitude like the farmers are just going to plant the crop and not realizing how we get parts just in time.” Grisafi sees manufacturing returning to the United States. “I think the U.S. will become less dependent on the world.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.