Two of the US’s largest ports have joined forces to collaborate in addressing five industry challenges, including cargo movement efficiency and digital supply chain connectivity, to boost competitiveness.
The newly approved memorandum of understanding (MoU) between the ports of Los Angeles and Long Beach is designed to enhance competition and will also focus on cybersecurity, establishing metrics and workforce development.
“Our two ports are the fastest way to move goods between Asia and US markets and manufacturers,” says Port of Long Beach executive director Mario Cordero. “The kind of cooperation that will flow from this agreement ensures we will continue to be the most efficient gateway for shippers.”
The nation’s largest seaport complex will work in concert with industry stakeholders to identify and address operational issues to unlock additional efficiencies and lower costs for shippers while improving sustainability, business continuity and security.
The two neighbouring ports that share the San Pedro Bay move 37% of the nation’s containerised imports and 25% of its exports. More than 3m jobs nationwide are connected to the complex. Meanwhile, the ports continue to face competitive challenges for market share.
“I look forward to the collaboration and results from this important initiative,” adds Los Angeles Harbor Commission president Jaime Lee. “By tackling these issues with a unified approach, both ports and our stakeholders will be better prepared for the challenges ahead.”