Data From Los Angeles Customs Brokers And Freight Forwarders Association
Highlights courtesy of Kenneth Quartarolo, LACBFFA’s Logistics Chair:
- Port of Long Beach Ready:
- Cordero’s insights were shared on Bloomberg TV. [Watch the full interview here].
- Cordero’s insights were shared on Bloomberg TV. [Watch the full interview here].
- Current Port Status:
- As of early Wednesday, 28 container ships are anchored outside the four largest Atlantic ports and Houston.
- Additional ships are en route from Asia and Europe, indicating further congestion.
- Strike Response and Political Climate:
- The Biden administration has not intervened yet, with stakeholders adopting a “wait-and-see” approach.
- Politicians have shown support for dockworkers, urging carriers to withdraw surcharges related to the strike.
- Economic Impact:
- Bloomberg Economics estimates a potential $3 billion per day hit to GDP due to disruptions in spending and production. (Read the full analysis on Bloomberg Terminal).
- Bloomberg Economics estimates a potential $3 billion per day hit to GDP due to disruptions in spending and production. (Read the full analysis on Bloomberg Terminal).
- Supply Chain Adjustments:
- Alternate Routes: Freight forwarders are prioritizing shipments based on urgency, exploring air cargo and West Coast diversions.
- Companies Adapting:
- Mazda: Relying on current U.S. dealership stock; monitoring negotiations.
- Honda: Prepared by unloading shipments ahead of the strike.
- Toyota: Watching the situation, no further comments.
- Nissan: No reported impact yet.
