Feb 12, 2015 – Instability continues to be the theme in ocean transportation. Yesterday’s announcement of the four day West Coast port shut down, and recent confirmation of at least two definite general rate increases (GRI) have shippers scrambling.
The ripple effect of a bottle neck at USWC ports will flow through your entire supply chain, whether you are a manufacturer or retail vendor. With no sign of things letting up soon, below are some things to keep in mind with how this will affect your business:
The Pacific Maritime Association is increasingly putting pressure on the ILWU to move toward a labor deal. Though things may get worse in the short term, an agreement is expected to happen sooner rather than later.
Being proactive in times of unpredictability is key. Here are some tips to help your business weather this storm:
Have more questions about how your business can respond to these changes? Contact LEGACY today.
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