The collapse of the Francis Scott Key Bridge in Baltimore has brought to light the critical issue of infrastructure in America. While the collapse of this bridge shocked many, for manufacturers, infrastructure problems are a constant concern. Without proper investment in infrastructure, such incidents are likely to become more frequent. As the importance of east coast ports continues to rise, the impact of a bridge collapse goes far beyond its immediate cost.
The Port of Baltimore, one of the country’s largest handlers of imports and exports, plays a significant role in the American economy. The collapse of the bridge has had a ripple effect on supply chains across the country, impacting jobs, trade, and economic stability. With east coast ports becoming more vital as the U.S. aims to reduce geopolitical risks related to trade with China, the need for robust infrastructure becomes even more apparent.
Infrastructure problems are not a new issue, and without adequate funding, they are only expected to worsen. Nearly one in 10 of the country’s bridges are already significantly compromised, leading to daily risks for drivers. The U.S. spends significantly less on infrastructure compared to the European Union, raising concerns about the state of America’s aging infrastructure. As the electric vehicle race heats up, the strain on the electrical grid and water infrastructure presents additional challenges for manufacturers.
In response to these challenges, the Bipartisan Infrastructure Law has provided some relief with $1.2 trillion in funding over five years. However, more funding will be needed to address the pressing infrastructure issues across the country. Manufacturers are urged to assess their supply chains, understand the risks posed by failing infrastructure, and advocate for solutions in their communities and at a national level. The consequences of failing infrastructure are far-reaching, impacting economic stability, trade relationships, and overall business operations.
Manufacturers must be proactive in addressing infrastructure concerns and advocating for solutions to prevent future disruptions. The lessons learned from the collapse of the Francis Scott Key Bridge highlight the urgent need for investment in America’s infrastructure to ensure the continued success of businesses and the overall economy. By working together to prioritize infrastructure improvements, manufacturers can help mitigate risks and ensure a more resilient supply chain for the future.
