Sarah Williams says the port strike is over and workers return tomorrow, with bargaining resuming January 15. She advises businesses to add 120 days to supply-chain forecasts, treat the disruption as a chance to fix logistics, and avoid panic-buying that wrecked planning during the pandemic.
So the port strike has ended for now. They'll be back to work tomorrow with a goal of continued bargaining with a new date of January 15th. So here's my advice. We've gotta plan further ahead than normal. So let's go back to 2020, and I want you to add another 120 days to your shipments to be safe. This might be an area of opportunity for you, and there's nothing like an extreme situation To help kick your butt into gear, plan further ahead, period. And don't panic buy. I'm still digging myself out of all the panic inventory I bought in 2020. Think about all the people panic buying toilet paper this week for no reason. We don't make smart decisions when we panic buy. So let's use this situation as a lesson learned in our businesses and how we can get better. We've got to plan further ahead.
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