Supply Chain Optimization

East Coast Port Strike in 2024?

by Tom Moore on Nov 21, 2023 2:22:00 PM

Firstly, I'd like to wish everybody a great Thanksgiving.  Thanksgiving is a time to remember your blessings.  I am blessed to have all of you.
 
Union members at East Coast ports are being told to save now for a potential strike when the contract expires in September next year. This couldn't come at a worse time:
  • The Panama Canal is running at significantly reduced capacity.
  • Shipping companies are now breakeven at best.
  • Additional ships coming online will further depress pricing.
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