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?? Potential East Coast port strike on September 30! ?? U.S. importers may stock up now to avoid major delays and economic impacts. Should we expedite shipments, prepare contingency plans, and closely monitor the negotiations? Stay proactive and informed! #SupplyChain #Logistics #FreightForwarding #PortStrike

US importers are urged to stock up ahead of a potential strike at East Coast ports. The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) are negotiating, but a strike could disrupt supply chains. Retailers and importers are advised to prepare for possible delays and shortages. This situation emphasizes the importance of proactive inventory management and contingency planning in logistics. Read the full article here: https://lnkd.in/gjj7r-PH #SupplyChain #Logistics #USPorts #ImportExport #InventoryManagement #ContingencyPlanning

East Coast Strike Could Impact 54% of U.S. Container Imports, Says HSBC Thanks to Shipco Transport for sharing this report. HSBC predicts that if dockworkers on the U.S. East and Gulf Coast strike on October 1, it could impact 15% or 4.6 million TEUs of the global container fleet and 54% of U.S. container imports. Full story in the link below #eastcoaststrike #globalshipping https://lnkd.in/dvk9V49u

This is a really interesting and informative article about the U.S ports strike and its effects. Supply chain will be directly impacted because goods from Europe, India and others countries direct route across Atlantic Ocean would be most heavily effected. A two week strike would mean that port would not return to normal operations until 2025, sea-intelligence Gulshan Singh, PhD #supplychain #efficiency

Massive Strike Disrupts US Ports The massive port strike could disrupt over a third of U.S. trade, costing the economy at least $4.5 billion daily (Fortune). Nearly 50,000 ILA workers are on strike, halting imports and exports at East and Gulf Coast ports, affecting a wide range of goods and threatening economic disruption: ??Strike impacts goods like auto, clothing, and European imports. ??US exports halted, affecting American businesses. ??Potential shortages and price hikes could worsen supply chain recovery. Negative impact won't be immediate because companies learned to maintain backup supplies. But USMX calls for a return to face-to-face negotiations. ??Follow Compare The Carrier? to stay updated with the latest trends and expert insights in logistics!? #Portstrike #LogisticsNews #Logistics #SupplyChain #Drayage

Warning for US Importers: "Last chance” to stock up before a?potential strike?hits US east and Gulf coast ports.? What's your strategy to keep your material flowing? Let's talk! #supplychain #shippers #importing

Free to view: The clock is ticking. A potentially disastrous strike at US east and Gulf Coast ports may be just three weeks away. Containers loaded today in Asia and bound for key gateways like?New York?will arrive after the October 1 deadline, when the International Longshoremen’s Association has vowed to strike if a new contract agreement isn’t reached. Data on US imports underscores the enormity of the potential disruption, which could occur just a month before the vote on the US presidency and could spawn massive ship queues reminiscent of the Covid era. After all the misplaced angst over a possible strike at west coast ports in 2023, the consequences of a shutdown on the other coastlines this year would be even more severe. East and Gulf coast ports account for half of total US imports measured in teu and more than half measured in cargo tonnes. A west coast shutdown would have overwhelmingly impacted US imports from Asia, but not other source regions. In contrast, a shutdown of east and Gulf coast ports will not only impact Asian cargoes, it will cripple US imports from Europe and Latin America, with shippers having few options to reroute Read more below ? https://lnkd.in/e3QiuVM4

The proposed strike action impacting USA East Coast and Gulf ports is looking increasingly probable, Freight Tasker urge all #importers and #exporters utilizing ocean services through these areas to make yourself aware of the operational and financial impacts this will inevitably bring, through delays, storage and congestion related surcharges. The leading carriers on the trade are halting export bookings from the 30th September in preparation. According to Freightos, "Some ocean carriers have stopped accepting new export bookings in anticipation of the strike.?Hapag-Lloyd announced that containers already en route to affected ports will not be rerouted, and many carriers have rolled out surcharges ranging from $400 to $3,000/FEU for all East Coast and Gulf containers starting in October." Maersk said it would implement a ‘local port disruption surcharge’ for all cargo moving to and from the US east and Gulf coast terminals from 21 October, “depending on the impact of the disruption to the supply chain”, of $1,500 per teu and $3,000 per feu. Freight Tasker is networked to support concerned shippers through this period, please contact myself or our team directly if you require guidance or support.

"The strike, the ILA’s first since 1977, is worrying businesses across the economy that rely on ocean shipping to export their wares or secure crucial imports. The strike affects 36 ports that handle a range of containerised goods from bananas to clothing to cars." https://lnkd.in/e_wkavAH #strike #import #export #port #supplychain #shipping

A Potential US Port Strike: Critical Risk for Global Supply Chains According to Lloyd's List and an article by Greg Miller, the looming strike at US East and Gulf Coast ports could lead to catastrophic consequences for global trade. With over 51% of US imports by TEU and 64% by tonnage passing through these ports, the potential disruption would be felt worldwide. Key Insights: -$5.6 billion worth of goods move through US ports daily. A strike would cause immediate backlogs, affecting industries such as retail, manufacturing, and food and beverage. -Limited rerouting options mean that alternative ports like the West Coast or Canadian ports are likely to experience congestion, similar to the COVID-19 period. -Critical imports like building materials and perishables (e.g., bananas) would be most affected, with limited storage and rerouting solutions available. What Should Businesses Do? Contingency Planning: Companies should actively review their logistics strategies and prepare alternative shipping routes or methods, even if temporary. Inventory and Supplier Diversification: Building inventory and sourcing from multiple suppliers can mitigate the risk of delays. Proactive Communication: Keeping stakeholders informed and aligning with logistics partners early on is key to reducing the impact of potential disruptions. This situation underscores the importance of agility and preparation in supply chain management, particularly in times of uncertainty. As negotiations progress, companies should act now to protect their supply chains from significant delays. #SupplyChain #Logistics #GlobalTrade #PortStrike https://lnkd.in/dadT5gyi