US: Possible port strike could hit spring/summer merchandise
The body representing US retailers and importers has warned of "devastating implications" for the retail industry if the breakdown in contract talks earlier this week leads to a coast-wide port shutdown.
Contract negotiations between the International Longshoremen's Association and the United States Maritime Alliance broke down on Tuesday (18 December), leading to fears of widespread work stoppages at 15 container ports along the East and Gulf coasts from 30 December.
"It is imperative that both sides verbally announce their intentions to return to the negotiations," said Jonathan Gold, vice president for supply chain and customs policy at the National Retail Federation (NRF).
"A coast-wide port shutdown would have a significant impact across all businesses and industries that rely on the ports, particularly retail.
"The last thing the economy needs right now is another strike, which would impact all international trade and commerce at the nation's East and Gulf Coast container ports. This is truly a 'container cliff' in the making."
The group is again calling on President Obama to get involved in the negotiations to eliminate the threat of a strike or lockout.
The NRF warns that a port strike or lockout "would impact every importer and exporter who relies these ports to move their commerce."
For retailers, this means shipments of spring and summer merchandise, such as shoes and swimwear could be affected.
- Levi Strauss raises the bar on sustainability
- Nike reaffirms US production commitment
- Gap and H&M back Myanmar path to labour reform
- H&M faces margin pressure on dollar impact
- Can technology shape a sustainable fashion future?
- Myanmar minimum wage set at US$3.2 per day
- Far Eastern to invest $323m in Vietnam textile hub
- Fast Retailing supplier continues strike talks
- Under Armour unveils newest retail presence
- Accord "concerned" at delays in remediation
- Global market review of lingerie - forecasts to 2020
- World Textile and Apparel Trade and Production Trends: The EU - May 2015
- Wool in the 21st Century: new prospects for a familiar fibre
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Myanmar's Garment Sector - Opportunities & Challenges in 2015