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Strike at the Port of Felixstowe to cause a loss of over $800 million
Posted on August 22, 2022 |
- The clothing ($82.8 million) and electronic components ($32.3 million) will be impacted by the strike.
- Felixstowe is essential in global trade, as it provides UK exports to larger European ports including Rotterdam ($108 million) and Hamburg ($138 million), but due to protests, the trade will be pivoted to smaller ports in the UK and other international ports including Wilhelmshaven, Germany, which has a trade inflow of $1 billion higher than Felixstowe.
Image: Port Technology