As our community in the Upstate of continues to recover from the devastating effects of the recent hurricane, we are now facing additional challenges due to potential product shortages stemming from the ongoing Longshoreman’s strike. This situation could significantly impact our local businesses, adding to the stress many are already experiencing.
To address these pressing concerns, my colleague Eric Hargrave has authored a comprehensive and insightful post. In his article, Eric delves into the potential repercussions of the strike on supply chains and offers practical strategies to help businesses navigate these turbulent times. His expertise provides valuable guidance on mitigating the impact of these disruptions, ensuring that your business remains resilient and prepared.
For a detailed analysis and actionable solutions, I highly recommend Eric’s post. You can find it here.
The International Longshoreman's Association (ILA) strike began on October 1, halting operations at 14 key East and Gulf Coast ports and placing a potentially significant strain on the national and global supply chain.
Eric Hargraves, supply chain, procurement, and logistics specialist with our Manufacturing and Distribution team, shares a brief overview of the situation as it's unfolding and some initial strategies to mitigate risk:
🚢 Rerouting/diverting cargo can be an effective solution, but be aware of congestion and delays
🚢 Create inventory buffers and incorporate new lead times into your planning
🚢 Use multimodal freight solutions and diversify your modes of transport when possible
🚢 Secure specialty insurance where offerings are available
The Elliott Davis team is here to help navigate this developing situation. Contact us: https://bit.ly/3BEqzGn
#portstrike #supplychain #globaltrade #ila
