Latest Supply Chain Headache-A Rail Strike Has Been Averted.
The supply chain disruptions have caused headaches all over the World and the latest one, a rail strike, seems to have been resolved.
“Unions and management reached a tentative deal early Thursday, averting a freight railroad strike that had threatened to cripple US supply chains and push prices higher for many goods.
The deal with unions representing more than 50,000 engineers and conductors was announced just after 5 a.m. ET in a statement from the White House, which called it “an important win for our economy and the American people.”
It came after 20 hours of talks between the unions’ leadership and the railroads’ labor negotiators hosted by Labor Secretary Marty Walsh. They began their meeting Wednesday morning with the clock ticking down to a strike that had been set to start at 12:01 am ET on Friday.
President Joe Biden called in personally to talk to negotiators around 9 pm ET Wednesday, according to a person familiar with negotiations. Biden stressed that catastrophic harm could come to families, businesses and communities if the rail system shut down.”
The Global Covid pandemic caused immense problems for the supply chain and its reverberations continue to rattle the fragile economies of every nation. As logistics and supply chains arrive at a new post pandemic normal, new threats continue to appear on the horizon threatening to dismantle everything. As nations, citizens and companies battle record inflation the possibility of further supply chain disruptions continue to pose grave threats. Thankfully a rail strike won’t be adding fuel to the already raging fire.
