See how the Port Strike will Snarl Shipments of Bananas, Beer, Cars and More
See how the Port Strike will Snarl Shipments of Bananas, Beer, Cars and More
BALTIMORE, MD, October 31, 2024 – INFORMS, the leading international association for professionals in operations research, analytics, management science, economics, behavioral science, statistics, artificial intelligence, data science, applied mathematics and other relevant fields, announced that Mark E. Lewis, Maxwell M. Upson Professor of Engineering at Cornell University, has been elected the 2026 INFORMS president.
The supply chain for many small parcel shipping companies is typically long. Products are often made in distant lands, travel on oceans and waterways, arrive at ports, are then transported to warehouses, from where a third-party logistics provider delivers the product to its intended destination. In a stable world, shippers and customers alike can expect a product to be delivered within the promised time window. However, in a world facing high levels of uncertainty caused by war, pandemic, political instability, raw material shortages, freak accidents (recall the regional and national impact of the bridge collapse in the Port of Baltimore caused by a container ship), and weather, the shipper must work overtime to ensure customer expectations are met at no additional cost, despite these uncertainties.
The minimum wage is getting lip service on the campaign trail. Well-intentioned plans can backfire, Christopher Tang writes in a guest commentary.
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See how the Port Strike will Snarl Shipments of Bananas, Beer, Cars and More
Americans woke up on October 1 with news that a major strike among U.S. Dockworkers could lead to supply and goods shortages. Many of us are still reeling from the shortages and hoarding that took place during the 2020 COVID-19 pandemic, but this time, it's not toilet paper and hand sanitizer that look to be sparse. Because the strike affects shipping ports, it's mainly imported items that may become hard to come by and are, therefore, worth seeking out sooner rather than later.
In small towns like Banner Elk. residents have been working to help each other but supplies are starting to dwindle.
With the first dockworker strike on the east coast in almost 50 years now underway, experts and consumers in the Philadelphia area and beyond are preparing for the possible impact.
The dock workers’ strike could mean big wage gains but could further disrupt the fragile supply chain.
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