I want to share an important update with you regarding the port strike that began today. This strike is anticipated to impact operations along the U.S. East Coast and the Gulf of Mexico, potentially causing significant delays and supply chain disruptions. The estimated cost to the U.S. economy is approximately $5 billion per day.
The International Longshoremen’s Association has confirmed this strike, which could affect 36 ports, citing the “United States Maritime Alliance’s refusal to address a half-century of wage subjugation.” President Biden has announced that he will not intervene and expressed his opposition to the use of the Taft-Hartley Act in this situation.
As a result of the strike, shortages and increased prices for products such as disposable containers, plates, and cutlery are expected. I want to assure you that despite this situation, we have inventory available for immediate shipment to help mitigate any potential disruptions in your supply chain.
The last major port labor dispute in 2002 took six months to return to normal operations. Blulabs, will continue to monitor the situation closely and provide updates on any developments that may impact our operations and your supply chain.
