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Posted on 10/03/2024 1:13:20 PM PDT by CFW
Key Points:
As the East&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.
A major grocery chain CEO tells 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.
As the East and Gulf coast ports strike hits its third day on Thursday, the nationwide logistics system is beginning to show signs of stress, with thousands of containers dumped at the wrong ports and billions of dollars in trade at anchor on ships. Ocean carrier surcharges for shipping clients are beginning to mount, and the need to use trucking and rail to move diverted cargo to ultimate destinations is adding to supply chain costs.
The building chaos is occurring with no signs that the International Longshoremen’s Association and United States Maritime Alliance are back at the negotiating table in an attempt to work through significant differences on wage increase levels and use of port automation, despite consistent efforts by the Biden administration to get the parties back into collective bargaining.
In the mad dash to unload as many containers as possible for clients, ocean carriers moved containers off at alternative ports, but according to Vizion, which tracks container movements, roughly 2,000 shipments may have been dropped at a port that was not their intended destination.
(Excerpt) Read more at cnbc.com ...
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Que the Biden/Harris “price gouging” comments.
Have no fear...Guided by Kamala, Biden will become our savior and invoke Taft-Hartley. Which will leave it in Trumps’ lap after the election.
They want 6% raises per year and a promise of never automating? Can't see that getting settled soon.
“— the Biden/Harris administration has royally screwed up their response to both.
Is he still sunning himself on the beach?
Biden and Harris are only posting dozens of nonsense posts on their various social media pages about how great a job they believe they are doing for the flood victims.
Not a single post this week from them about the strike or wars.
The longshoremen on the west coast are now saying they may go on strike in solidarity with east coast union. NOT GOOD.
What consistent efforts? Joe is incompetent and Harris is chasing photo ops.
Kiss of death for Kamala’s campaign.
Buy what about TP?-)
Walmart, Amazon, Honda, Toyota, Hyundai, etc. could build their own automated (or non-automated) ports.
Fire them all.
Viva La Mexico!
This is all scripted. If it wasn’t, this union thug would already have his door kicked in. Kamala will end the strike soon for a PR win.
Well, Biden and Harris’s bananas suck anyway.
Not really. We know they will be cheating harder.
They’ll just bring more terrorist /gangs in.
Walmart, Amazon, Honda, Toyota, Hyundai, etc. could build their own automated (or non-automated) ports.
“The Port of Shanghai is the world’s busiest container port.”
“The three main container port areas, Wusongkou, Waigaoqiao and Yangshan, have a combined quay length of more than 13 kilometers (8 miles), 43 berths and 156 container cranes. The port has two bulk cargo terminals and three break-bulk terminals”
“Yangshan Phase Four, launched in 2017, is the world’s largest automated container terminal, with a capacity of 6.3 million TEUs, 2.4 kilometers of quays, seven berths, 21 quay cranes, 108 rail-mounted gantry cranes and 125 automated guided vehicles.”
pictures at:
https://www.cbre.com/insights/local-response/2022-global-seaport-review-shanghai
Now that would be a real October surprise!
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