West coast port strike in Canada disrupts global supply chain

The British Columbia Maritime Employers Association has locked out more than 700 supervisors at ports throughout British Columbia. At the same time, a strike at the Port of Montreal, the biggest port in eastern Canada, continues to cause problems. The strike has already led to partial closures, affecting 40% of the port’s container traffic. Shipping delays could quickly add up, potentially disrupting important international shipments and creating significant economic challenges for global businesses and consumers.

The West Coast ports are essential, managing about $576 million in daily trade and serving as a key part of North America’s ports, railroads, and trucking network. However, a long-lasting strike could seriously disrupt this system, causing problems across the supply chain.
more at: https://globaledge.msu.edu/blog/post/57463/west-coast-port-strike-in-canada-disrupt

Related Posts

ACMA Files Amicus Brief in South Dakota v. Wayfair Supreme Court Case; Asks Court to Upheld Quill Precedent

American Catalog Mailers Association (ACMA) contends in an amicus brief filed with the Supreme Court of the U.S. today that a South Dakota law enacted two years ago is unconstitutional. Filing as a friend of the defendants in the case of South Dakota v. Wayfair, Overstock.com, and Newegg, the ACMA urged that the Quill v. North Dakota precedent be upheld. The case before the Supreme Court poses the question, “Should this Court abrogate Quill's sales-tax-only, physical-presence requirement?” The 1992 Quill decision affirmed the physical presence rule. The Supreme Court ruling upheld its 1967 ruling in National Bellas Hess v. Department of Revenue of Illinois. In 2016, South Dakota enacted its law that defies the Quill physical presence standard. “The authority of the states and their many localities to tax interstate commerce is unquestioned,” the ACMA brief says. “But the Commerce Clause prohibits actions that create excessive burdens impeding interstate commerce.” The brief goes on to say, “Overruling Quill would not only discourage efforts at uniformity, but it would also expose catalog retailers to significant past lability for transactions that already have occurred.” Click Read More below for additional information.

L Brands Reports October 2017 Sales; Updates Third Quarter Earnings Guidance

L Brands, Inc. reported net sales of $794.1 million for the four weeks ended Oct. 28, 2017, an increase of 5 percent, compared to net sales of $756.7 million for the four weeks ended Oct. 29, 2016. Comparable sales increased 2 percent for the four weeks ended Oct. 28, 2017. For October, the exit of the swim and apparel categories had a negative impact of about 1 percentage point and 2 percentage points to total company and Victoria’s Secret comparable sales, respectively. The company reported net sales of $2.618 billion for the 13 weeks ended Oct. 28, 2017, an increase of 1 percent, compared to net sales of $2.581 billion for the 13 weeks ended Oct. 29, 2016. Comparable sales decreased 1 percent for the 13 weeks ended Oct. 28, 2017. For the 13 weeks ended Oct. 28, 2017, the exit of the swim and apparel categories had a negative impact of about 2 percentage points and 2 percentage points to total company and Victoria’s Secret comparable sales, respectively. Click Read More below for additional information.
Back To Top
×Close search
Search