Overview
The U.S. supply chain is facing a potential crisis as the International Longshoremen's Association (ILA) threatens to go on strike at ports along the East and Gulf Coasts starting October 1, 2024. This event comes on the heels of disruptions caused by Hurricane Helene, which has already damaged infrastructure and halted operations at key ports. The combination of these events poses a serious risk to multiple sectors of the U.S. economy, including manufacturing, retail, automotive, and construction. This report provides an in-depth analysis of the potential impacts of these disruptions on various industries and supply chains.
Impact of Hurricane Helene
Hurricane Helene has brought widespread damage to the southeastern United States, significantly affecting port operations and logistics. Several key Florida ports, such as Port Tampa Bay and JAXPORT, have been closed due to severe weather conditions and flooding (WorldCargo News, 2024). This has created backlogs in cargo handling and vessel schedules, further complicating the already strained supply chain.
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