The Peter Zeihan Podcast Series cover image

The Peter Zeihan Podcast Series

Longshoreman on Strike: US Ports Get Shut Down || Peter Zeihan

Oct 10, 2024
Longshoremen across the East and Gulf Coasts are striking, severely disrupting nearly two-thirds of U.S. water imports and exports. This strike highlights the critical role of ports in the global economy, sending shockwaves through Europe’s automotive sector. Union demands for better wages clash with automation concerns, impacting trade dynamics. The shift from just-in-time to just-in-case inventory models poses new challenges for manufacturing, leading to economic drawbacks and inefficiencies. The ripple effects could be felt well into the future.
09:24

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Quick takeaways

  • The Longshoremen strike has halted nearly two-thirds of U.S. water-based trade, severely impacting economic stability and creating significant backlogs at ports.
  • The disruption of maritime transport threatens U.S. agricultural exports, potentially leading to a major logistical crisis for seasonal farmers and their supply chains.

Deep dives

Impacts of the Longshoremen Strike

The Longshoremen strike significantly affects the import and export capabilities of the United States, particularly along the East and Gulf Coasts. Nearly two-thirds of the country’s water-based trade is halted due to port closures from Maine to Texas, resulting in considerable backlogs that will take several weeks to clear even after the strike ends. This disruption not only impacts the immediate flow of goods but also threatens the economic stability of regions dependent on these ports, particularly during critical seasons like the approaching holidays. Industries relying on these ports, especially European manufacturers dependent on a steady supply of components, will face heightened operational challenges and potential job losses.

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