Alternative East Coast ports — including Montreal, where half of the terminals are shut down by a strike — will not be able to handle large scale diversions.
The union recently claimed that carriers "are gouging their customers," alleging that it now costs $30,000 to ship a single container. Not so, says freight rate analytics company, Xeneta.
Aston Martin now expects to make 1,000 fewer cars in 2024 than it had originally projected for the year, while sales are projected to come in below 2023's totals.
Managers are also looking to reduce their risk by diversifying their supply chains, with nearly 70% planning to develop new relationships with alternative suppliers.