The rapidly approaching Sep 30th expiration of the current ILA port worker union’s contract with USMX port operators at East Coast and Gulf ports in the US and the possibility of a labor strike may be the top concern for many N. American supply chain stakeholders right now. This short video update provides the latest on where things stands and the possible implications if a strike does happen, including:
- Current negotiations status and sticking points
- Possible impact of a strike on holiday inventories
- How work stoppages could affect operations, congestion and freight rates on both coasts
- Expectations for the recovery duration once a strike ends
- Possibilities and likelihood of government intervention