Arthur Alexander is an expert on the Japanese economy at Georgetown University.
“I think that, in the short run, it’s quite serious. We’ll probably lose a good deal of output for several weeks until electricity supplies get back up and running.”
Japan is a critical source of high-tech components for the U.S., ranging from semiconductors to specialty steel. Alexander says it’s possible to find alternative suppliers,
“But it takes time, it takes effort, and it takes a lot of scrambling to get that, because often it’s already committed to other customers. We’re finding a lot of logistics managers and production managers working late into the night these days, scrambling around looking for supplies.”
Houston technology firms could face bottlenecks that last into April.