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An Underutilized Investment: I walk into corporate offices and I see the same issue over and over: the company invested thousands of dollars in standing
Anyone who lived through the prior ILWU contract negotiations understands the major impact this event can have on business, especially small business. A more limited supplier base and less frequent shipments put smaller businesses as risk when their entire inventory to operate for the next few months is stranded on a ship waiting to get into port or inaccessible at the terminal.
No one, not even the Union or the Pacific Maritime Association (PMA) leadership, knows the outcome of these negotiations. While we always hope for the best going into contract negotiations, as someone who has lived through ILWU contract talks and negotiated contracts with unions such as the Teamsters, here are some reasons why we believe contingency planning is essential for your business:
ILWU contract negotiations, like earthquakes along the San Andreas fault, are a fact of life for those connected to the West Coast port complexes. While we know that negotiations are coming, no one knows exactly when disruptions may start, how severe they will be, and who will be impacted the most. Like earthquakes, the only option is to be prepared and have a variety of contingency plans to provide the best outcome possible. This takes actively leading your organization, supply chain team, or small business to think through scenarios, look for risk, and mitigate them.
Let’s rise above and lead.
An Underutilized Investment: I walk into corporate offices and I see the same issue over and over: the company invested thousands of dollars in standing
The Cure to the Present: When we look around the world today, people are generally concerned with the direction of things. This is true of
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