US: Californian ports strike ends after eight days
US retailers have welcomed the end to a strike that shut down most of the terminals at the ports of Los Angeles and Long Beach for the past eight days.
"The retail community is pleased to see a settlement of the strike," said National Retail Federation CEO Matt Shay. "We are happy both parties came together, with assistance from intermediaries, to reach a new contract agreement.
"The nation's largest port facility is now re-opened and operating and will hopefully be able to quickly recover from the shutdown."
Attention will now shift to the East and Gulf Coast ports, where federal mediators have been locked in prolonged discussions with labour and management for the past two months.
"We urge the parties to reach a final agreement before their contract extension ends at the end of December. Retailers, manufacturers and the rest of the business community cannot afford another shutdown," he added.
A previous strike as a result of stalled negotiations in 2002 led to lingering supply chain disruptions and cost the US economy US$1bn for each day of the lockout, Shay said late last week.
It took the ports a full six months to recover, and had a "profound" impact on the retailers, importers, manufacturers, agricultural exporters and other affiliated industries that rely on the ports every day.
An interactive databank with intelligence on the major apparel sourcing countries
- Why fast fashion isn't a case of one size fits all
- TPP tariff phase-out guides Vietnam sourcing plans
- Brexit Trade Focus – How a CANZ-UK FTA stacks up
- How Central America garment sourcing measures up
- How virtual garments could shape fashion retail
- VF Corp cuts guidance as Q2 profit plunges 70%
- VF confident on "solid" sustainability roadmap
- Inditex and Lenzing sign textile waste pact
- Ethiopia opens flagship textile and apparel park
- EU and US dispute China raw materials duties
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- World Textile and Apparel Trade and Production Trends: the EU - June 2016
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis
- Luxury Goods Retailing in Europe, 2014-2019 ; Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape