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Lessons to Glean From the West Coast Port Dispute

MIT Supply Chain

In 2002, a 10-day lockout on the West Coast cost the US economy an estimated $ 1 billion per day in the first week growing to $2 billion per day in the second week, and required a presidential intervention. And no industry has ever been able to win the struggle against technological development and corporate flexibility.

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Interoceanic Passages

Abivin

In the current global economy, the closure of a maritime chokepoint would have significant economic ramifications due to the disruption of trade flows and even some supply chains (e.g. Additionally, a potential route through Nicaragua was examined. Gibraltar and Suez during World War II).

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