Port Strike Briefing, October 1, 2024

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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 below.

The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.