Dockers' protest on the US East Coast

A protest by dockworkers on the US East Coast has been underway since 1 October. The action covers key ports from Maine to Texas. The International Longshoremen's Association (ILA) union is demanding an 80% pay rise over the next six years. Despite pressure from the protesters, the United States Maritime Alliance (USMX) is not going to bow down and is rejecting their proposal, arguing that it is excessive.

Global impact of the strike on transport

According to the BBC website, the current strike is unprecedented as it is the first time in 50 years that all key ports for international transport are closed. CNN highlights the potential impact of this on trade, as well as on US exports. One consulting firm has estimated that the cost of a week-long strike could amount to between $4.5 billion and $7.5 billion in losses. President Joe Biden has the option to break the protest for 80 days so that the conflicting parties can negotiate, but at this point a statement has been made that he will not interfere with the action.

Implications for Europe and the global supply chain

The East Coast dockers' protest is not only affecting the US, but also Europe and the global transport market. The chairman of the Polish Chamber of Shipping and Logistics, Marek Tarczynski, points out that around 15 per cent of sailings could be cancelled or delayed. The costs of demurrage and holding containers in protesting ports could significantly burden companies. The Federal Maritime Commission warns against overcharging for D&D* at the expense of customers, explaining the protest. Weekly strikes are estimated to be equivalent to a month's worth of transport delays.

Accelerated freight shipments in Europe

Faced with the situation, some companies, including those in Europe, have decided to speed up freight shipments to minimise the risk of supply chain disruption. This is particularly true for seasonal products such as Christmas goods and sale products. It is worth recalling that the Black Friday and Cyber Monday periods are ahead, which generate a lot of shopping activity.

Impact on local markets

The dockers' protest is not only affecting businesses, but also ordinary citizens. As a result of the strike, panic can be observed in the shops and a massive buyout of basic products. Despite assurances that elementary goods will be available, the risk of a shortage of imported products negatively affects people's mood.

Summary

The dockers' protest on the US East Coast poses a serious challenge not only to the US economy, but also to global supply networks. The strike, transport delays and consumer panic are just some of the symptoms of the crisis. The future remains uncertain and all concerned, workers and companies alike, are hoping for constructive negotiations that can end this difficult period.