If US East and Gulf Coast port workers and operators don’t reach an agreement on contract negotiations by December 29, 2012, ports from Maine to Texas could see work stoppages—similar to what was experienced the past eight days with the clerical workers’ strike at ports in Los Angeles and Long Beach, California.
In the event of an additional strike, retail, agriculture, food, and beverage companies would be hit especially hard due to their profit-driven strategy of keeping inventory levels low and the sudden and severe backlog and rerouting pressures caused by a work stoppage.
In US Port Strikes US Port Strikes — What’s at Stake and How to Manage Your Risk, we outline steps you can take to protect your revenue, market share, and reputation in the event of a major work stoppage, including:
Atlantic ports serve 40% of all waterborne shipping in the US each year. With the potential stike's focus on containerization work, the affected volume includes nearly 15 billion feet of cargo...