The National Retail Federation (NRF) has welcomed the recent announcement that labour and management at East Coast and Gulf Coast ports have reached a tentative agreement on a six-year contract renewal. US retailers can now receive merchandise without supply chain disruption, NRF vice president for supply chain and customs policy Jonathan Gold said.

The International Longshoremen’s Assocation and the United Maritime Alliance recently announced that they have reached tentative agreement on a six-year contract covering East Coast and Gulf Coast ports that would take effect after the current contract expires on September 30.

The two sides have until July 10 to finalize the agreement, which will then be subject to ratification votes by the full membership of each group.

NRF had led more than 100 organizations in a March letter to the union and management urging both parties to resume talks after negotiations broke down earlier this year. (DS)

Fibre2Fashion News Desk – India

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