ROI Calculator
Although the logistics industry has always suffered from work stoppages, strikes — combined with terrorism in the Red Sea, severe weather and geopolitical tensions – have become leading disruptors of global freight. Labor-related incidents increased 42 percent between the first half of 2023 and 1H of 2024, according to Resilinc, which monitors supply chain risk.
As the supply chain now braces for potential strikes at Canadian railways and U.S. East and Gulf Coast ports, ocean freight rates remain lower than a year ago, according to freight marketplace Freightos. Some carriers are offering discounts in order to move containers from Asia to the U.S. East Coast before the strikes. This deadline may add some buoyancy to West Coast rates as more volumes shift there from the East and Gulf.
Electronics are among the five leading goods carried by sea.
