UK strike seen impacting on Phl

A labor disruption in the world’s biggest container port, Southeastern England’s Felixstowe port, is seen to indirectly impact the supply chain in the country, according to a high-ranking official of the Philippine Chamber of Commerce and Industry.

Workers at Felixstowe port on Sunday began an eight-day strike, the first in 30 years, as decades-high inflation intensifies a cost-of-living crisis.

UK workers are holding protest actions in vast numbers as runaway inflation erodes wages at a record pace and is set to plunge the economy into recession, the AFP report said.

Asked for comment, PCCI’s former trade committee chairperson, and now the vice president of Innovation and Science and Technology, maintained that the UK port is a critical supply chain route to Britain.

“The Philippines does not rely heavily on the UK port in its import and export commodities. But, if the strike prolongs, it will indirectly impact other countries’ supply chains and eventually impact the Philippines. We hope it gets resolved soon,” he said.

According to Ed Winterschladen, executive vice president at Proxima, a logistics consultancy, “The strikes at Felixstowe are set to send some British businesses into a spin. The port is not just Britain’s largest, it is the largest by quite some margin as the port of entry for almost half of the ocean freight into the UK,” he said, warning that delays “will have a sustained pricing impact in an already inflationary market.”

Early resolution prayed
PCCI’s Ferrer hopes that the matter gets resolved soon.

“I hope this ‘strike’ due to high inflation, is not going to be a global trend. This is the concerning part,” added Ferrer, also the vice president and CEO of EMS Group, a complete electronic and semiconductor subcontracting group

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