Trade associations both in the United States and Canada warn the impact will inflate prices and cause weeks of delays in product arrivals.
Trade associations both in the United States and Canada told CNBC the impact will inflate prices and cause weeks of delays in product arrivals.A picket line at the Neptune Terminal at the Port of Vancouver during a dockworkers strike in Vancouver, British Columbia, Canada, on Wednesday, July 5, 2023.
Steve Lamar, CEO of the American Apparel and Footwear Association, told CNBC any disruption in supply chains, this strike included, poses both inflationary and inventory challenges. The biggest hurdle right now, he said, is accessing goods that are stuck on boats or being diverted to other ports. Logistics managers predict in three months, when holiday items are on store shelves, shoppers will see higher prices.Meanwhile, more vessels are diverting away from Canadian ports for American alternatives.two vessels, the MSC Sara Elena and the Ever Safety, have officially left Canadian ports and will not return.The company is also tracking two additional ships that previously listed Vancouver as their destination on the schedule, but no longer do.
The diversion of vessels raised the question of whether U.S. ILWU workers would work on the vessels. Only ILWU workers are allowed to process vessels at West Coast ports. CNBC has reached out to the ILWU West Coast chapter in the U.S. for a comment on the diversions of the MSC Sara Elena and Ever Safety.
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