For the textile people who do foreign trade, receiving an order is only the beginning of an order, and the shipment to the customer's hand is also an important part, but now, a step used to be accustomed to in the past, it is becoming more and more difficult this year.
The International Longshoremen's Association (ILA), the largest US maritime workers' union, has threatened the USMX with a walkout of tens of thousands of its members if a new wage deal is not reached before the contract expires on September 30. Judging from the latest statement, the negotiating intentions of the two sides are still very different, and the risk of a general strike continues to escalate.
Analysts have warned that a strike, which would affect dozens of ports from Maine to Texas, could cause major disruptions to U.S. cargo shipments. Oxford Economics said in its latest report that as many as 45,000 port workers could be involved in the strike, which would affect about 60 percent of total U.S. shipping.
According to experts quoted by Bloomberg, if the strike lasts for a week, it could cost the US economy as much as $7.5 billion (about 53 billion yuan).
Strike storm
Recently, the largest container port in the East of the United States and the second largest container port in the United States, New York-New Jersey, today issued an open letter to the outside world.
In a letter signed by the Port Authority of New York-New Jersey, Bethann Rooney, the largest port in the East of the United States issued its starkest warning to all shipping companies, shippers and logistics companies regarding the handling of all incoming and outgoing cargoes before and after the strike, especially dangerous goods and freezer cargoes.
Bethann Rooney, the Port Authority director for the Port of New York-New Jersey, reminded all shippers: "You must do everything possible to pick up your imports before the close of business next Monday, September 30, because once the strike begins, there will be no opportunity to deliver anything."
"No terminal will accept export cargoes unless they can be shipped before September 30."
"Please coordinate closely with your sea carrier for any export bookings, as the terminal will not accept cargo from vessels scheduled to arrive after September 30."
"Shippers should give priority to reefer containers and dangerous goods as terminals will no longer be monitored or adjusted after September 30."
Port Authority President Bethann Rooney of the Port of New York-New Jersey also said the port plans to set up an incident management team during the shutdown, but gave no details.
"With all parties looking to move containers out of the terminal before it closes, we are expecting significant congestion this weekend as well as next Monday, September 30, so we advise you to pick up your containers as early as possible this week and take advantage of all available gate opening hours," Rooney advised.
In addition, the port truck service center will be closed during the shutdown. The last train in and out of the port will also leave next Monday, and the last CSX train will arrive at the port on Sunday. Norfolk Southern earlier announced it was closing doors at multiple ports and said shippers should have alternative plans for transporting dangerous goods, high-value and refrigerated international cargoes to avoid unexpected delays en route.
How much does it affect?
A strike would affect dozens of ports from Maine to Texas and could cause major disruptions to U.S. cargo shipments. Oxford Economics said in its latest report that as many as 45,000 port workers could be involved in the strike, which would affect about 60 percent of total U.S. shipping.
East Coast ports handle 43 percent of U.S. imports, and any shutdown could cause supply chain delays nationwide. Sectors that rely on just-in-time inventory management, such as retail, the food supply chain and the automotive industry, are expected to be particularly hard hit, potentially leading to empty shelves and higher prices.
If a strike does take place, analysts say, the impact is expected to extend beyond the United States and into the global trading system. Global businesses may need to reassess their supply chain strategies in response to potential port closures and shipping delays.
Miller further said that the actual impact of the port strike will depend on how long the potential impact lasts. "If the strike event is only 24 to 48 hours, then in the long term it will not be as disruptive." If the strike lasts a week or more, there will be a massive shock."
Grace Zwemmer, an associate U.S. economist at Oxford University, said in the report that even a two-week strike could disrupt supply chains well into 2025.
According to experts quoted by Bloomberg, if the strike lasts for a week, it could cost the US economy up to $7.5 billion.
The market is concerned that if a large number of dock workers launch a strike in early October, which coincides with the holiday container transportation season in the United States and is also a critical moment on the eve of the United States election, a large-scale strike may have an impact on the domestic political situation in the United States and the security of global trade.
Follow us for more info. wedding & event linen suppliers wholesale Readortex, official website and B2B online store