Bruna Polli’s Post

📌 US port strike is over. Here’s what happens next t took just three days for the potential crisis at the United States’ East and Gulf Coast ports to be averted, with minimal impact on the country’s economy. The strike, led by the International Longshoremen’s Association (ILA), which represents 50,000 workers, came to a quick end as both sides reached an agreement on the primary issue—wage increases. The work stoppage, which began early Tuesday, threatened to disrupt supply chains, risk shortages of consumer goods, and halt essential exports. However, the swift resolution limited the damage. Shippers had anticipated the strike and moved goods through the ports before the Tuesday deadline, mitigating some of the disruption. Despite the brief halt, the ports were poised to return to normal quickly. By Thursday, the United States Maritime Alliance (USMX) increased its wage offer, and the strike was suspended, with the existing contract extended until January 15 while the final details are negotiated. Although the ports are open, it will take time for operations to fully recover. Industry experts estimate that it could take three to five days to make up for each day the ports were closed. For example, the Port of New York and New Jersey, the largest affected port, along with the Port of Virginia, delayed reopening to ensure containers are properly positioned before trucks are allowed entry. While such disruptions are rare, they aren’t unprecedented. Ports have faced closures due to extreme weather events, such as Hurricane Helene, which temporarily shut down several Southeast ports just before the strike. Despite initial concerns, there was minimal impact on emergency relief supplies for hurricane recovery efforts. The financial toll of the strike was significant. The Port Authority of New York and New Jersey reported daily losses of $250-$300 million, totaling approximately $1 billion over the four-day work stoppage. On Friday morning, 24 ships were waiting to unload, including container ships carrying 35,000 import containers. Although the immediate strike is over, there is still the possibility of future disruptions. The final contract, once completed, must be ratified by ILA members. Read the full article 📌 https://lnkd.in/gvxeFk9Q #shipspry #airfreight #expeditedshipping #logistics #AirCargo

To all International Clients and Connections: It is with our best intentions we write to inform you of current conditions in the U.S. as a result of the historic ongoing port strike. The strike has resulted in the shut-down of all major ports spanning from south Texas the far northeast of the U.S.. Today is the second day of the strike, so, the short and long-term impacts on supply chain are unknown at this time. It is safe to assume that this disruption will cause delays in receiving any goods shipped out of the U.S. via ocean freight. This includes orders that have been delivered to freight forwarders within the past two weeks and orders that have not yet been delivered to the forwarders. Depending on the length of the disruption, there could be impacts on future orders as manufacturers struggle to receive the raw materials needed to manufacturer their goods. We at B. Hansen, want to proactively inform you of the situation that will affect business conducted with ALL U.S. suppliers. The B. Hansen Team will work hard to ensure every measure within our control is taken to minimize the impacts this will have on the business operations of our clients. #portstrike #port #supplychain #strike

**Title: Ongoing U.S. Port Strikes Impacting Supply Chains and Global Trade** The U.S. is currently facing a significant disruption across its East and Gulf Coast ports, with dockworkers striking over unresolved contract negotiations. The strike, which began on October 1, 2024, involves approximately 45,000 members of the International Longshoremen’s Association (ILA), who are pushing for better wages and job security amidst growing concerns about port automation. ### Key Points: 1. **Economic Impact**: The strike is already affecting around 36 major ports, including critical hubs like the Ports of Houston, New York, and Virginia. These ports handle about 60% of the U.S.'s container traffic, equating to roughly 12% of global container movement. If unresolved, the strike could lead to significant delays in product delivery, particularly for perishable goods, and further strain the economy, with estimates of losses reaching up to $2.1 billion per week. 2. **Supply Chain Disruptions**: The port closures are likely to cause widespread disruption to both domestic and international trade. The most immediate impacts are expected in sectors reliant on fast-moving goods, such as food and retail. Experts predict that delays will worsen over time, with full recovery potentially taking several weeks after the strike ends. 3. **Labor and Automation Concerns**: Central to the strike are concerns over automation reducing jobs at the ports. While automation promises efficiency gains, port workers worry about long-term job security, and they are pushing for protections alongside wage increases. 4. **Government and Industry Response**: President Biden has urged both sides to return to the negotiating table but has refrained from invoking the Taft-Hartley Act, which could force workers back to their jobs. Meanwhile, supply chain experts warn that the ripple effects of this strike could lead to higher prices and shortages in essential goods. As the strike continues, industries and global markets are closely watching for signs of resolution. This strike, if prolonged, could serve as a turning point for how port automation and labor rights are balanced in the future. --- **Let's discuss**: How will this strike affect global trade in the coming weeks? What are your thoughts on the balance between automation and job security in the logistics industry? #PortStrikes #Logistics #GlobalTrade #SupplyChainDisruption #LaborRights #Automation #USPorts

🚨 ILA Strike Alert: Massive Supply Chain Disruption Expected October 1 🚨 The International Longshoremen’s Association (ILA) strike, set for October 1, could halt operations at 36 ports from Maine to Texas, affecting key ports like New York, New Jersey, Charleston, Miami, Houston, and Savannah. With nearly half of U.S. imports at risk, industries like automotive and consumer goods will feel the impact. Why is this happening? The strike is a result of a dispute over wages, automation, and safety protocols. Union workers are pushing for better conditions as automation threatens job security. How long could it last? There’s no clear end date if an agreement isn't reached, potentially causing weeks of disruption. 🔔 Georgia Ports Authority urges importers to deliver goods before October 1st, offering weekend gates to facilitate this. Savannah is particularly vital, given the recent Baltimore Bridge collapse. If your business relies on imports through these ports, it’s critical to prepare now. Seek alternative routes, expedite shipments, or explore short-term contractor support to minimize disruptions. Reach out to me should you require any contractors during this time. T - 470 845 2802 E - pierreackerman@cast-usa.com #PortStrike #SupplyChain #ILAStrike #Logistics #AutomotiveLogistics #EastCoastTrade

🌐 Breaking News: Historic U.S. Port Strike Begins A historic strike has commenced at seaports on the U.S. East and Gulf coasts, and the impact on global supply chains could be monumental. This massive dockworker strike is expected to wreak havoc on the economy, with American consumers likely to notice shortages of popular products if the work stoppage persists. The strike, involving 45,000 port workers, is the first by the International Longshoremen’s Association (ILA) in nearly half a century. Ocean supply chains have already been strained this year by conflicts in the Red Sea, a lengthy drought affecting the Panama Canal, and the Baltimore bridge collapse. Now, with more than 40% of containerized goods entering the U.S. through these ports, the stakes could not be higher. Experts warn that even a minor disruption could have significant implications for industries such as pharmaceuticals, auto, and manufacturing. At John S. James Co., we understand the complexities and challenges that such disruptions can bring. Our expertise in customs brokerage and freight forwarding ensures that your goods keep moving, even in the face of industry upheavals. Whether it’s rerouting shipments or expediting customs clearance, we’ve got you covered. Learn more about our services at johnsjames.com. #SupplyChain #PortStrike #Logistics #FreightForwarding #CustomsBroker #GlobalTrade #JohnSJamesCo #ILA #USMX #Strike

👉 The Economic Ripple Effects of a Possible Port Strike 👈 As we approach a potential strike at Atlantic and Gulf Coast ports, experts are raising alarms about severe disruptions to U.S. supply chains. With the International Longshoremen’s Association’s contract set to expire on September 30, the impact on the upcoming holiday shopping season could be significant. Key Points: ⚓ 45,000 dockworkers may strike starting October 1. ⚓ Potential for backlogs and shortages affecting key sectors. ⚓ Risk of inflation and increased costs for consumers. Let’s stay vigilant and prepared for the challenges ahead! 🚢 Source https://lnkd.in/eTMm3FnK #SupplyChain #PortStrike #Economy #Logistics #BusinessContinuity #HolidaySeason 🌍

East Coast Port Strike: What It Means for All of Us The East Coast port strike has frozen shipping and is creating a ripple effect that could soon lead to shortages—particularly of perishable goods. With 47,000 workers on strike and 36 ports shut down, the economic impact is escalating daily. What does this mean for businesses and consumers? How will this affect supply chains, prices, and availability of essential goods? Get the full story on the potential economic impacts and what lies ahead: Read more here - https://lnkd.in/gNVdhvzW #PortStrike #SupplyChainDisruption #EastCoastPorts #ShippingCrisis #Logistics #EconomicImpact #GlobalTrade #PortOperations #LaborStrike #SupplyChainManagement #ShippingIndustry #Freight #PerishableGoods #TradeDisruption #Transportation #InflationImpact #BusinessRisk #LogisticsChallenges #EconomicOutlook #IndustryNews

🚢⚓️ The Impact of US Port Strikes: What’s at Stake? ⚓️🚢 The potential strike at U.S. ports could have major consequences for global trade and the economy. With over 30% of U.S. imports passing through its ports, a disruption could lead to delays, shortages, and higher costs for goods worldwide. Industries from electronics to food could be hit hard. But, not all agree on the severity. Some argue that companies are more prepared after recent supply chain challenges. What do you think—are we ready for another disruption or could this shake things up? 🤔🌍 -------------- Below is brief information about the article on CBS. The U.S. is experiencing its first East Coast port strike since 1977. Here's what to know. Thousands of dockworkers at every major East and Gulf Coast port are now striking, closing trade gateways that handle about half of all goods shipped in containers in and out of the U.S. "A port strike could cost the U.S. economy billions of dollars a day, hurting American businesses, workers and consumers across the country," Business Roundtable CEO Joshua Bolten said in a statement this weekend. By Kate Gibson Edited By Aimee Picchi, Alain Sherter https://lnkd.in/eWB6q8E2 Updated on: October 2, 2024 / 11:32 AM EDT / CBS News #GlobalTrade #USPorts #SupplyChain #Economy #Logistics #ShippingNews #PortStrike #ImportExport #Commodities

U.S. companies have been taking proactive measures to mitigate the impact of the potential US East Coast port strike on October 1 U.S. companies that depend on East and Gulf Coast seaports have been taking proactive measures to mitigate the impact of a potential strike on October 1. These measures include importing goods earlier than usual, rerouting shipments to West Coast ports, and even opting for expensive air freight to avoid disruptions that could affect supply chains and fuel inflation ahead of the U.S. presidential election. “This is just another headache after everything else we’ve been dealing with,” said Kenneth Sanchez, CEO of Chesapeake Specialty Products, which exports items like metallic abrasives and foundry sand additives used in engine blocks and transmissions globally. A prolonged strike, coupled with an ongoing strike by 30,000 Boeing machinists, could significantly impact the U.S. job market next month. bit.ly/3zt0xoX Economists at Oxford Economics recently estimated that these labor actions could reduce payroll growth by 100,000 jobs if they continue into mid-October, according to Reuters. https://bit.ly/4egF5CQ For Sanchez, this would be the second major supply chain disruption this year, following a bridge collapse that severely limited access to the Baltimore port from late March through mid-June. Baltimore is one of the ports affected by the expiring contract between the International Longshoremen’s Association (ILA), representing 45,000 port workers, and the United States Maritime Alliance employer group. The renewal talks have stalled over pay issues, according to Reuters. The potential strike would occur just five weeks before a presidential election between Democratic Vice President Kamala Harris and Republican former President Donald Trump, where economic issues are expected to be pivotal. Sanchez is now planning to reroute shipments via trains to West Coast ports if the ILA members go on a prolonged strike at ports from Maine to Texas, which handle about half of U.S. ocean trade, according to Reuters. Meanwhile, retailers, manufacturers, and other importers have been accelerating their shipments of apparel, home goods, machine parts, and other items to avoid having cargo stuck during the strike. This rush has pushed U.S. imports to multi-year highs in July and August, further driving up shipping costs due to rerouting vessels around Africa to avoid rebel attacks near the Suez Canal. #supplychains #strike #portalstrike #ila #shipping

FYI: Pay attention to what is going on-- THIS WILL AFFECT MANY ------------------------------------------------------------- Dockworkers strike shuts down ports. At 12:01am ET, despite last-minute talks, ~45,000 dockworkers at 36 ports on the East and Gulf Coasts went on strike after their contract expired without their union, the International Longshoremen’s Association, and the US Maritime Alliance, which reps the port operators and container carriers, coming to terms on a new one. The impact of shutting down ports along one side of the US (West Coast ports will remain open) might be massive: Analysts estimate it could cost the economy $5 billion per day, and a protracted strike could lead to shortages of items like bananas and cars and create holiday shopping sticker shock. But many retailers have been preparing and brought items into the country earlier this year