Vancouver Board of Trade Launches "Port Shutdown Calculator" to Highlight Economic Impact of Labor Disruptions.

Breaking News - Daily Cost Pushing Billion A Day!

Vancouver Board of Trade Launches "Port Shutdown Calculator" to Highlight Economic Impact of Labor Disruptions

The Greater Vancouver Board of Trade recently re-launched its "Port Shutdown Calculator," a tool designed to illustrate the significant economic impact of labor disruptions on Canada’s west coast ports. This live calculator provides real-time estimates of the daily trade value affected by port shutdowns, showcasing how labor strikes and delays disrupt supply chains and harm small businesses across Canada.

According to Bridgitte Anderson, President and CEO of the Greater Vancouver Board of Trade mainly, approximately 25 percent of Canada’s total traded goods flow through Western Canada’s ports. Each day of port shutdown disrupts an estimated $800 million worth of goods. This interruption particularly concerns small businesses, which rely on timely shipments for seasonal stock, such as holiday goods, and fear inventory shortages due to delayed shipments.

The Port Shutdown Calculator estimates the dollar value of goods delayed or impacted per hour, offering businesses and the public insight into the financial repercussions of stalled trade activity. Although it does not directly measure the broader economic impact, the tool highlights the urgent need for resolution, as each day of stoppage extends recovery times for up to five days for rail companies.

The Greater Vancouver Board of Trade is urging federal intervention and calling on labor leaders to negotiate in good faith. As shutdowns continue, the economic toll rises, impacting consumers, businesses, and Canada’s global trade reputation.

George Moen:  Publisher / Co-Founder WRN News

Sources: Bridgitte Anderson Greater Vancouver Board of Trade

Tags" #Vancouver Board Of Trade #Port Shutdown Calculator #Canada Economy
#Supply Chain Impact #Labor Disruption #Trade Economy #Business Advocacy
#Small Business Concerns #Canadian Ports #Economic Impact