As the US port strike has been suspended until January 2025, many small businesses are relieved that their business can survive the economy for a little bit longer. However, with this strike feeling like an impending loom of doom, we’re giving you five tips to ensure your small business stays afloat this holiday season.
Invest in Local Companies
With the disruption from supply chains, consider getting your materials from local manufacturers. According to the Times of Innovation article, “those prioritizing onshoring manufacturing, refinement of local supply chains, and diversified shipping routes could emerge stronger.” With this in mind, having a local manufacturer will ensure that you have a safety net if things fall short and support local businesses, making this situation a win-win for everyone.
Shift from East Coast to West Coast
As the strike occurred from ports located on the East Coast, the West Coast hasn’t been affected by the strikes, making it a good option as many fabrics and garments from Asia utilize this port. However, this may be a good choice temporarily, as if a strike were to occur again, many companies would attempt to use the West Coast, making delays more frequent.
Stockpiling + Using Your Inventory Wisely
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Take Advantage of the Holiday Deals!
With the daily news about the deal between port workers and the United States Maritime Alliance, Ltd, it’s essential to be updated with fashion news as these things could change daily. Using resources such as Supply Chain Digital, Vogue Business, and, of course, Advisor. are your best friends when it comes to getting up-to-date fashion news. Don’t worry! We got y’all.
Sources That Helped Us Bring This Article To You
- https://timesofinnovation.com/fashion/how-the-us-port-strike-will-impact-fashion/
- https://supplychaindigital.com/operations/us-port-strikes-suspended-supply-chain-impact
- https://www.glossy.co/fashion/fashion-briefing-the-east-coast-port-strike-could-back-up-imports-all-the-way-through-the-holiday-season/
