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The port strike along the East and Gulf coasts is creating serious challenges for the supply chain, now entering its third day. Containers are stranded or dropped off at incorrect ports, leading to significant costs as businesses scramble to reroute. Shipping surcharges are piling up, and with inland transportation becoming necessary, expenses are soaring. With logistics costs rising, the effects are expected to ripple across sectors. For more insights into how this situation is unfolding, check out the full story on CNBC. #supplychaincosts #portstrikes

🚢 The ILA Strike is Over: What Should Shippers Prioritize Now? 🚢 The recent International Longshoremen’s Association (ILA) strike may have been short-lived, but its impact on cargo backlogs and port operations will be felt for weeks. As ports along the East and Gulf Coasts work to recover, it’s crucial for shippers to refocus their strategies. Key priorities for shippers post-strike: *Clear Cargo Backlogs: It may take the remainder of October to restore normal operations. Be proactive in managing delayed shipments and communicating with customers. *Optimize Supply Chain Diversification: The strike showed how important it is to diversify supply chain routes. Continue to assess options like West Coast ports and railways. *Monitor Capacity Constraints: With reduced capacity from Europe to North America in the coming weeks, planning ahead is critical to avoid disruptions. *Strengthen Risk Management Plans: The tentative deal extends the master contract until January 2025, but future disruptions are still possible. Strengthening contingency plans will help mitigate risks down the road. What are you focusing on to stabilize your supply chain post-strike? Share your thoughts below! 👇 #SupplyChain #Logistics #Shipping #Freight #ILA #Ports

🚨 Heads up! With potential strikes looming over East & Gulf Coast ports, it's crucial to keep your supply chain moving. 🚢 Consider diverting some inventory from the East to the West—Ports of LA/LB are great backup options to keep containers flowing smoothly. Let's stay ahead of disruptions! 💼 #SupplyChain #Logistics #PortStrike #StatesLogistics #LATraffic #FreightManagement Read more: (https://ow.ly/3xkI50SnYMb)

🚨 Important Shipping Update: Potential ILA Strike Impacting East & Gulf Coast Ports We want to keep you updated on a critical situation that may affect your shipping operations. Starting October 1, 2024, the International Longshoremen’s Association (ILA) may go on strike, which could lead to major disruptions at East Coast and Gulf Coast ports. This could cause serious delays and extra costs for both imports and exports. Key Updates: New York/New Jersey Ports may close for 1-2 weeks if no agreement is reached by Monday. MSC has announced that starting October 1, no containers will be allowed to in-gate. Congestion surcharges of $1000-$2000 per container are being added by shipping lines due to expected delays. What You Should Know: The strike could affect 36 ports along the East and Gulf Coasts, which handle about 57% of U.S. imports. With no strike in nearly 50 years, this situation is significant and may cause widespread disruption. Potential Impacts Include: Major supply chain delays and congestion at ports and railways Higher costs due to per diem, demurrage, and equipment shortages Limited capacity and storage space at yards Worker slowdowns leading to operational bottlenecks We are closely monitoring the situation and will provide updates as more information becomes available. Please reach out to your ContainerPort Group representative for any immediate concerns or questions. #ShippingUpdate #ILAStrike #SupplyChain #Logistics #PortCongestion #EastCoastShipping #GulfCoastPorts

Supply chain data service Sea-Intelligence projects that in the event of a one-day strike at East and Gulf Coast ports, it would take five days to clear container backlogs. However, should a work stoppage extend to a week, those backlogs wouldn't be resolved until mid-November. #SupplyChain #Logistics #Ports #DataAnalysis

As the East and Gulf Coast ports strike hits day three on Thursday, there are multiple signs of supply chain stress building. Thousands of shipping containers were potentially dumped at the wrong ports as ocean carriers scrambled to find alternate options for cargo, and increased tracking of diverted vessels is a direct challenge to an ILA union threat to stop unloading at other ports. Surcharges imposed by shipping giants are starting to mount, and the need to use inland transportation options like trucking and rail for diverted cargo are adding to costs. These surcharges are rapidly turning into big numbers. A major grocery chain CEO told CNBC that while it is well-stocked for weeks to come, some go-to items will not be available and prices on items like bananas will rise significantly. #ila #portstrikes #surcharges #oceanfreight #seafreight #eastcoastports #gulfcoastports

A looming #EastCoast 🚢 port 🚧 #strike could shake the economy, causing delays, shortages, spoilage, and more. The delicate balance of our just-in-time 🚛 logistics system is like a row of dominoes ready to topple, rippling outwards and causing a cascade of downstream effects. With businesses accelerating imports and redirecting cargo, a short strike could still lead to significant disruptions. Let's 🤞 hope negotiations yield a new contract before 🗓 Oct. 1 to prevent an estimated 💸 $5 billion a day loss to the economy. #OSINT #ContextualIntelligence #CargoTheft #supplychain #supplychainsecurity #supplychainvisibility #supplychainriskmanagement #supplychaindisruption #logistics #portstrike #logistics #justintime #dominoeffect

🚨 U.S. Port Strike Alert: How to Protect Your Supply Chain 🚨 Big disruptions are on the horizon for East & Gulf Coast ports with a potential strike starting October 1st, 2024. This could mean major delays, rising costs, and supply chain chaos for businesses across the board. But you don’t have to get caught off guard. At Beeontrade, we’ve put together a comprehensive guide on what this strike could mean for your business and how you can avoid the worst of it. From moving goods early to exploring alternative routes, we’ve got the strategies you need to stay ahead. 💡 📖 Read our latest blog: “101 Guide to Understanding the U.S. Port Strike and How to Avoid Supply Chain Disruption.” Stay informed, stay prepared. Click here to get the full scoop ➡️ https://shorturl.at/dWcy9 #SupplyChain #Logistics #USPortStrike #Beeontrade #BusinessContinuity #FreightForwarding #StayPrepared #ShippingNews

Port Shutdowns in the US: East & Gulf Coasts – Is Your Supply Chain Ready? 🚨 The ongoing longshoremen strike has brought major ports to a standstill, causing significant disruptions in supply chains across the country. Can your business afford delays like this? ❌ In today’s fast-paced world, unexpected events can threaten your operations. That’s why having real-time visibility is crucial. At Parcel Perform we empower you with the insights you need to stay in control, anticipate challenges, and respond effectively. 🌍📦 #SupplyChain #Logistics #ParcelPerform #ShippingVisibility #StayInControl https://hubs.li/Q02RWk7s0

🚨 Important Update for All Supply Chain Professionals 🚨 The potential U.S. port strike starting October 1st could impact many businesses, but it doesn't have to disrupt yours. At Beeontrade, we’ve prepared key strategies to help you stay ahead and avoid the worst of these disruptions. Check out our latest blog to understand the risks and take proactive steps to protect your operations. Let’s work together to navigate this challenge! 📖 Read more: https://shorturl.at/dWcy9 #USPortStrike #Beeontrade #BusinessContinuity #FreightForwarding #StayPrepared #ShippingNews #SupplyChain #Logistics