Haque International Logistic Corporation’s Post

🚨 Attention Supply Chain Professionals: ILA Strike Update 🚨 As of October 1, 2024, the International Longshoremen's Association (ILA) has initiated a strike, shutting down 36 U.S. ports from New England to Texas. This significant action has temporarily halted billions of dollars in trade. The ILA rejected a nearly 50% wage increase offer from the United States Maritime Alliance (USMX), raising concerns about wage stagnation and automation. Key Impacts on the Supply Chain: 🔴 Imports at Risk: Up to 50% of U.S. imports are affected. ⏳ Backlog Concerns: Each day of the strike may lead to an additional 4-6 days needed to clear backlogs. 🚢 Rail Operations Disruption: Port closures are impacting on-dock rail operations. ⚓ Ships Delayed: Vessels route to the affected ports will remain offshore until operations resume. How SEKO Logistics Can Help: At SEKO Logistics, we understand the challenges posed by these disruptions. Our team is ready to assist you by: 🔍 Inventory Solutions: Analyzing your inventory in transit and identifying critical components to minimize impact. ✈️ Alternative Shipping Options: Providing access to diverse shipping methods, including airfreight and alternative ports, to keep your supply chain moving. 🔄 Order Distribution Strategies: Helping you spread new orders across various shipping modes to mitigate disruption. 📊 Real-Time Updates: Keeping you informed with the latest developments and supporting you through negotiations. Let’s work together to navigate this challenging landscape in the supply chain industry. Reach out to see how SEKO Logistics can support your business during this time. #SupplyChain #Logistics #SEKOLogistics #ILA #PortStrike #Trade

🛠 East Coast Ports Face Historic Strike, Supply Chains Brace for Impact   With a potential dockworker strike looming across U.S. East and Gulf Coast ports, the ripple effects on supply chains are inevitable. The International Longshoremen’s Association’s planned action targets wage disputes, with no government intervention expected. This could disrupt everything from food to automotive shipments, stalling vital commerce.   At John S. James Co., we’re ready to support your logistics needs during this uncertain time. We offer flexible customs brokerage and freight forwarding solutions to keep your supply chains moving. Learn more at johnsjames.com.   #PortStrike #LogisticsSolutions #SupplyChainCrisis #FreightForwarding #USCustoms #EastCoastPorts #JohnSJamesCo

🚢 Turbulence at U.S. Ports: A Looming Strike Threat Port operators and shipping lines are in a race against time as a potential strike by 45,000 unionized dockworkers could disrupt over half of U.S. seaports. With the current contract expiring on September 30, employers filed a complaint urging the National Labor Relations Board to force the International Longshoremen's Association (ILA) to the bargaining table. However, the ILA demands a 77% wage increase over six years, calling the complaint a "publicity stunt". If the strike happens, it would severely affect a broad range of sectors. From food products like cheese and olive oil to consumer goods such as T-shirts, furniture, and auto parts, the shutdown would disrupt the steady flow of goods into the country. Importers and retailers are already racing to clear their cargo ahead of the deadline, with many ports extending operating hours to mitigate potential losses. East Coast and Gulf Coast ports, where the ILA operates, are vital for the U.S. economy, especially as these ports have grown more significant following West Coast disruptions in recent years. If negotiations remain at a standstill, the strike could lead to massive delays in supply chains, increased costs for consumers, and further inflationary pressures. For any questions related to the topic, Henry Alonzo, CSM will be there to help you. #lifescience #logistics #update

With the possibility of a strike at East and Gulf Coast ports growing more imminent, we are closely watching how this situation may unfold. The International Longshoremen’s Association (ILA) has expressed unanimous support for a strike if no agreement is reached by the Sept. 30 deadline. With ports along the East and Gulf Coasts responsible for 43% of all U.S. imports, the impact of a work stoppage would be massive, particularly as we approach the holiday season—a crucial time for retailers, manufacturers and agriculture.   We are deeply concerned about the disruption this would cause to supply chains nationwide. A strike could result in severe delays, economic losses and increased costs across every industry that relies on these ports. Our members—third-party logistics providers—are already stepping up to find alternative solutions, from increasing trucking capacity to rerouting shipments, but the challenges are real. We urge all parties involved to return to the bargaining table and work toward a resolution that keeps goods flowing. At TIA, we are committed to supporting our members and ensuring that the supply chain remains resilient in the face of these potential disruptions. https://lnkd.in/epv-bW-E #SupplyChain #Logistics #TIA #PortStrike 

🚨 Are You Prepared for the US East & Gulf Coast Port Strike? 🚨 With labor talks between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) still unresolved, a potential strike could disrupt operations across 36 U.S. ports as early as October 1. These ports are responsible for handling 𝟒𝟑% 𝐨𝐟 𝐚𝐥𝐥 𝐔.𝐒. 𝐢𝐦𝐩𝐨𝐫𝐭𝐬, including critical locations like Charleston, Houston, and Miami. This could create a domino effect across the global supply chain, causing backlogs, equipment shortages, increased shipping costs, and an economic downturn. 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄 The strike stems from unresolved labor contract negotiations between the ILA and USMX as labor contracts ended in September 2024. Disagreements over labor wages, job protections, and concerns about automation are at the heart of the dispute. The ILA argues that inflation has severely impacted their wages, and they are demanding better compensation to keep up with rising living costs. Union leaders have criticized the current proposals, stating that USMX’s offer does not sufficiently address the economic pressures workers face, and they are firmly against the idea of automation replacing dockworkers. 𝗪𝗵𝗮𝘁’𝘀 𝗮𝘁 𝘀𝘁𝗮𝗸𝗲?  The strike can cause massive disruptions at East and Gulf Coast ports, with repercussions across any industries dependent on U.S. shipping routes. A staggering $𝟮𝟬𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗴𝗼𝗼𝗱𝘀 𝗮𝗻𝗱 𝗽𝗿𝗼𝗱𝘂𝗰𝗲 and over 𝟱𝟬𝟬,𝟬𝟬𝟬 𝗷𝗼𝗯𝘀 could be affected if an agreement is not reached. Meanwhile, companies are already rerouting shipping containers to West Coast ports over concerns about the strike.  East and Gulf Coast ports handle around 600,000 TEUs (twenty-foot equivalent units) per week. Every day of the strike could cause 𝟱 𝘁𝗼 𝟭𝟬 𝗱𝗮𝘆𝘀 𝗼𝗳 𝗯𝗮𝗰𝗸𝗹𝗼𝗴, with some experts predicting it could take 𝘂𝗽 𝘁𝗼 𝟳𝟬 𝗱𝗮𝘆𝘀 to return to normal operations. This strike would hit sectors such as agriculture, chilled goods, and large-scale exports hard, leading to 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻 𝗱𝗶𝘀𝗿𝘂𝗽𝘁𝗶𝗼𝗻𝘀, 𝗲𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝘀𝗵𝗼𝗿𝘁𝗮𝗴𝗲𝘀, 𝗮𝗻𝗱 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝘀𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗰𝗼𝘀𝘁𝘀. Even if the strike is halted, this will affect the future state of the market. 𝗛𝗼𝘄 𝘁𝗼 𝗣𝗿𝗲𝗽𝗮𝗿𝗲  Navigating this disruption requires proactive supply chain management. Craft’s Supplier Risk Management platform empowers businesses with real-time visibility into supply chain risks, allowing you to 𝘀𝘁𝗮𝘆 𝗮𝗵𝗲𝗮𝗱 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗶𝘀𝗿𝘂𝗽𝘁𝗶𝗼𝗻 and secure your operations. Contact us to quickly get started: https://lnkd.in/gMScTh8u #PortStrike #SupplyChain

🚢 Navigating Uncertainty: The Impact of the Current Port Strike 🚢 As the ongoing port strike continues to affect supply chains globally, it’s crucial for businesses to adapt and find innovative solutions. This situation highlights the importance of resilience in logistics and the need for proactive contingency planning. Union dock workers at 36 East and Gulf Coast ports went on strike early Tuesday amid an impasse in negotiations over a new contract with a group representing port employers. The International Longshoremen's Association (ILA), which represents 45,000 dockworkers, began its first strike since 1977 after its six-year contract with the U.S. Negotiations between the ILA and USMX have been deadlocked thus far over the union's demands related to wage hikes and compensation, as well as protection from automation at ports. U.S. seaports from Maine to Texas will be impacted by the strike. Those ports collectively handle about half of  U.S imports and are also critical hubs for exports from American businesses.  Imports of cars and auto parts, agricultural products like bananas, machinery, fabricated steel, furniture, apparel and more will be affected.  East and Gulf Coast ports also handle significant percentages of exported cars and auto parts, pharmaceutical products, beef, pork, poultry, eggs, wood, plastics and other products or commodities. An analysis by J.P. Morgan estimated the daily cost of a port strike by East and Gulf Coast port workers would cost the U.S. economy between $3.8 billion and $4.5 billion per day as operations slow. #SupplyChain #Logistics #PortStrike #BusinessContinuity #Innovation

Thankfully the ILA strike has ended, but it has affected 36 ports and about half the cargo from ships coming in and out of the United States. The strike has caused a cargo backlog along East Coast ports and is affecting goods entering Canada from those ports. Situations like this are why it's important to have backup options and a partner who can keep your supply chain flexible. Reach out to learn more about how BevSource can keep your business nimble.

📌 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

How will a port strike affect your operations and supply chain? What are the risk factors sustaining and increasing risk impacts? Read our latest blog on the U.S. dockworker strike for risk and mitigation insights and preparing for future disruptions. The recent U.S. port strike, which began on October 1, 2024, at major East and Gulf Coast ports, has been temporarily resolved after three days of negotiations. The strike, led by the International Longshoremen's Association (ILA), sought a halt to automation and a 77% wage increase. A temporary agreement was reached with a 62% wage hike, with further discussions expected in January 2025. Contact us for detailed risk analytics on indicators contributing and resulting from disruptions. https://lnkd.in/eF3RgrY5 #PortStrike #SupplyChain #RiskManagement #Logistics #Manufacturing #GeoPoliticalRisk #BusinessContinuity #SupplyChainDisruption

October 1 is approaching fast. A strike in East / Gulf Coasts would be a supply chain nightmare. I believe to make a deal would be much more difficult if we were in the conditions of Q4 2023 where ocean carriers were expecting to lose money until end of 2025. Luckily ocean carriers are all announcing high profits for H1 2024, and it looks like the trend will continue for ocean carriers. Union is demanding both wage increases and less automation, are the major pain points for carriers, will see what this will bring.