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Truck strike may cool growth in Nestle, Vina Concha exports from Chile

Ags - Fruit/Veg 114 Chile 83 Consumer Staples 622 Corp - Ports 786 Mode - Containerized 1269 Strikes 36

Chilean exports of food and beverages have been disrupted by a truckers’ strike which has caused port backlogs at San Antonio. The port accounted for 28.3% of all containerized exports from Chile in the 12 months to June 30 after a 1.8% year over year increase. Strike action can cause significant supply chain disruptions, as seen already this year in Canada and Australia this year. The impact on exporters varies depending on seasonality and existing stress on logistics from rapid growth. Exports of wine via San Antonio by Vina Concha y Toro surged 55.7% year over year in the past 12 mont...

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