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U.S. Inventories: Cushion to Virus Impact?
Extended production stoppages and transportation bottlenecks in China have left the U.S. manufacturing sector as the area of the domestic economy perhaps most exposed to the coronavirus outbreak. Most industries are entering this period with high levels of input inventories so, generally speaking, most American industries have more cushion against production being disrupted than prior periods of supply chain shocks. That said, the computer & electronic products industry in the United States is notable. Not only does the industry source roughly 10% of its inputs from China, but it is an important cog in the ... (full story)