J.P. Morgan analysts estimate it could cost five billion a day.
NORTH CAROLINA, USA — A local supply chain expert warns that the infrastructure damage from Hurricane Helene will effect the country’s economy.
North Carolina A&T supply chain professor Amit Malhan is ringing the alarm, saying the pause in production on vital parts made in West Carolina could take a $34 billion dollar toll.
He told us J.P. Morgan investors estimate the damage could cost around $5 billion dollars a day.
Malhan said he’s concerned about the damage to a small town near Ashville called Spruce Pine.
The county posted these pictures online showing flood waters taking over streets and roads during the height of Helene.
The county said a lot of its infrastructure is damaged or destroyed. Malhan said if production halts it could setback the supply chain for normal everyday items that use microchips. He said the city has two mines he credits with producing nearly 90% …