Supply Chain News / Risk & Compliance / Ports

Port Strike Could Affect $30 Billion in Consumer Goods

September 5, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

What impact could a strike by the International Longshoremen’s Association have? World Trade 100 asked Zepol to examine data from the prior year peak shipping season and provide a picture of the volume and value of consumer goods moving through the ports.


We looked at the period from September through November to determine the value of shipments moving through the East Coast ports in both imports and exports. The total value of consumer goods moving through the ports was over $30 billion.


East Coast imports of consumer goods totaled $24,929,127,698. Gulf Coast imports of consumer goods totaled $945,849,862. Together, the ports handled nearly $26 billion in imports.

The two coasts handled nearly $6 billion in exports of consumer goods. The East Coast accounted for $5,113,055,639 in exports and the Gulf Coast $509,528,475. The total exports of consumer goods was $5.6 billion.


Measured on volume, by twenty-foot-equivalent units (TEUs), the East Coast received 1,765,325 TEUs of consumer goods. The Gulf Coast received 185,527 TEUs of import containers. The total was just under 2 million TEUs.


The most recent three months of data on container imports are tracking higher than the previous year at over 2 billion TEUs, though the comparison is a little skewed because the data cover June, July and August of 2012 and not the September-to-November period, which would need to rely on forecasts at this stage. With some shippers already diverting shipments or possibly expediting shipments to clear the ports before a strike, it is difficult to project the increased values of volumes that might be involved in this shipping season.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Five Wearable Manufacturing Technologies of the Future

Video applications, Employee Monitoring, Field service, Plant monitoring, Improving employee safety

Podcasts

Assurance of Supply: A Top Concern for Manufacturers

Every manufacturer has an assurance of supply problem to some extent due to the complexity of global sourcing. For years, manufacturers were blessed with high margins but margins have grown paper thin. You can’t fill up your distribution centers with excess inventory – not only is there a cost factor but the pace of business and consumer buying trends causes goods to quickly turn obsolete. Assurance of supply provides the speed and agility that is essential to being able to compete in today’s market.

 

Speaker info: Diane Palmquist, VP Manufacturing Industry Solutions

                                         

More Podcasts

World Trade 100 Magazine

wt october 2014

2014 October

Check out the October 2014 edition of World Trade WT100, featuring our cover story: Logistics Drives Site Selection, plus much more!

Table Of Contents Subscribe

Transportation Capacity

As peak season has gotten underway, what is your experience with transportation capacity?
View Results Poll Archive

WT100 STORE

world-class-warehousing.gif
World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Use our interactive maps to locate service providers across North America.Interactive Map

Logistics Development Partners 

IWLA Members