https://macropaperwarehouse.com/authors/joaquin-blaum/Joaquin BlaumHugo -- gohugo.ioen-ushttps://macropaperwarehouse.com/papers/input-sourcing-under-climate-risk-evidence-from-u.s.-manufacturing-firms/https://macropaperwarehouse.com/papers/input-sourcing-under-climate-risk-evidence-from-u.s.-manufacturing-firms/<p>Blaum, Esposito, and Heise study how supply chain risk — specifically, the risk of unexpected shipping delays caused by ocean weather conditions — affects U.S. manufacturing firms&rsquo; import sourcing decisions. The paper asks three related questions: Do weather-induced shipping delays harm firm performance? Do firms adapt their sourcing strategies ex ante in response to shipping time risk? And what are the aggregate welfare costs of heightened supply chain risk from climate change, geopolitical tensions, and port congestion?</p>