A 10-day strike of 340,000 workers would reportedly result in over $1.1 billion in lost direct wages and more than $7 billion in total economic losses.
The strike at ports that handle about a quarter of Canada’s total traded goods reduced arrivals of container ships and diverted vessels to U.S. facilities.
Redwood said that the acquisition of Rockfarm and Global Distribution and Logistics “fortifies” the company’s modern fourth-party logistics (4PL) services.
The probes were launched after an assessment of complaints regarding the overseas operations of 13 Canadian businesses was filed by a coalition of 28 civil society organizations in 2022.
Executives are also interested in bringing their supply chains closer to home, with 43% of CEOs with a resiliency problem saying they are either already on-shoring or considering
it.
Warehouse decision-makers face some genuine hurdles in moving toward the widespread adoption of automation and robotics. But the benefits make it well worth the investment.
For every day that the strike goes on, supply chains will need an additional three to five days to recover, the Railway Association of Canada estimates.