Labor Unrest Spilling Into 2023 May Bog Down Global Trade

Labor unrest took an unusually heavy toll on ports around the world last year, and the outlook for continued economic instability could bring even more upheaval to global supply chains in 2023.

The number of protests and strikes affecting port operations quadrupled last year to 38 incidences, according to Crisis24, a maritime security consultancy. From trucker stoppages in South Korea to dock strikes in Britain, worker shortages have prompted shipping lines to divert or delay cargoes globally. (Read the full story here.)