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.
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