Posts tagged manufacturers
Anderson Economic Group, LLC Reports Strike-Induced Auto Industry Losses Exceed $9.3 Billion
October 26, 2023 // Anderson Economic Group, LLC, a boutique economic consultancy based in Michigan, has calculated that the 2023 UAW strike against Detroit’s three top automakers has surpassed $9.3 billion in economic losses for the auto industry. These calculations encompass losses through the fifth full strike week, which ended at midnight on October 19. These figures do not include plant closures, additional strike targets, or layoffs that took effect on or after Friday, October 19. These will be included in our loss calculations in the sixth and any successive weeks. OEM stands for Original Equipment Manufacturer, in this case referring to Ford, GM, and Stellantis.
West Coast port dispute poses latest threat to supply chain
July 1, 2022 // The tenuous West Coast port contract negotiations, which began in May, have centered around wages, worker safety and automation. The union has pointed to ocean carriers’ record-smashing profits during the pandemic, while shippers have insisted that port workers enjoy competitive salaries that average six figures. The ILWU has pushed back on shipping companies’ push to automate port systems over the threat of job losses, while shippers claim that U.S. ports must be modernized to boost efficiency. Jess Dankert, Jay Timmons,