The Impact On Amazon Sellers If Longshoremen Go On Strike
Seller Sessions · with Steven Selikoff · June 22, 2022 · 17 min
Summary
With a potential longshoremen strike looming, Amazon sellers face significant supply chain disruptions. This episode breaks down the financial leverage of shipping companies versus longshoremen, drawing parallels to the 2014 Christmas slowdown. Learn actionable strategies for proactive inventory management, alternative shipping methods, and diversified sourcing to mitigate risks and protect your business from devastating stockouts and lost sales.
Key takeaways
Implement proactive inventory management by anticipating potential delays and increasing safety stock levels to avoid stockouts during a strike.
Explore and identify alternative shipping routes and methods, such as air freight for high-value or time-sensitive products, to bypass congested ports.
Diversify your sourcing to reduce dependency on single ports or regions, minimizing the impact of localized labor disputes.
Review and adjust your sales forecasts and marketing efforts to account for potential shipping delays and inventory limitations caused by a strike.
Understand the historical impact of longshoremen strikes, like the 2014 Christmas slowdown, to better predict and prepare for potential disruptions and their severity.
Today I bring in Steven Selikoff to discuss the possibility of a strike happening as the Longshoremen agreement expires soon (ca). With shipping companies making $190 Billion in profits last year alone. This could be a tough stand off for the union, and the employees that do the back breaking and dangerous work, around the clock, for national average salary for $54,439.The shipping companies increased prices sevenfold last year. During the same time, the Longshoremen worked through a pandemic on the same money. You do not want your products sitting on a ship caught in a backlog, or worse, stuck offshore if a strike hits. The 2014 Christmas slowdown shows that the longshoremen know the leverage they have by causing supply chain problems during the Holidays. This is the topic of discussion today, and some workarounds if the work case scenario happens. Steven Selikoff is a serial entrepreneur who has been developing innovative products since 2005. His products have been sold through Amazon Vendor & Amazon Marketplace, in independent & specialty retailers, and in big box stores all over the world. He has four patents, has had products on every major morning show from the Today Show to Fox Business News, featured in newspapers and in magazines ranging from USA Today to Forbes to Vogue, and were even in the gift bags at the Oscars. Steven was formerly Global Business Manager for Microsoft Worldwide Retail Sales & Marketing, and has taught and has lectured on Negotiation, Product Development, and Business Process Improvement across the globe. He is the author of The COMPLETE BOOK of
What does this episode say about amazon & marketplaces?
Implement proactive inventory management by anticipating potential delays and increasing safety stock levels to avoid stockouts during a strike.
What does this episode say about supply chain & operations?
Explore and identify alternative shipping routes and methods, such as air freight for high-value or time-sensitive products, to bypass congested ports.
What does this episode say about founder & leadership?
Diversify your sourcing to reduce dependency on single ports or regions, minimizing the impact of localized labor disputes.
What does this episode say about amazon & marketplaces?
Review and adjust your sales forecasts and marketing efforts to account for potential shipping delays and inventory limitations caused by a strike.
What does this episode say about amazon & marketplaces?
Understand the historical impact of longshoremen strikes, like the 2014 Christmas slowdown, to better predict and prepare for potential disruptions and their severity.
