A very good article on how emotions and rational thinking combine in decision making, and some ideas on how to make them work better together. A Nobel prizewinning economist and a top neuroscientist discuss the topic.
A Nobel Prize winner and a leading behavioral economist offer common sense and counterintuitive insights on performance, collaboration, and innovation.
Source: Leadership and behavior: Mastering the mechanics of reason and emotion | McKinsey & Company
A fascinating, heartfelt article about shipbreaking at Alang. Students of Labor Economics and unions should read it, especially the last part.
ShippingWatch visits one of the most controversial places in the shipping industry, India’s shipbreaking facilities on the beaches of Alang. After banning this location, Maersk has changed its mind and now sends end-of-life vessels to Alang. See all the pictures here from an otherwise very closed-off workplace. – Author: GRETCHEN PEDERSEN
Bill Mongelluzzo writes about an attempt to get the labor situation at West Coast Ports under control. The two sides are meeting at the urging of a cargo owner and shipper group that was drastically affected by the last strike.
Ocean carriers last time were quite critical of the Pacific Maritime Association, the negotiator for the terminals, and how they handled the negotiations, blaming them for the length of the disabling strike. The strike alone probably accounted for half the diversion of traffic toward East Coast ports. The Port of Los Angeles has just barely recovered.
The union, the ILWU, was just doing what they are supposed to; pick a crucial business period, and strike if the PMA did not negotiate in what they view as good faith. That’s what labor unions do; it’s how they make progress for their members, the port workers. What other strategy can they have? By ironing out difficulties in advance, the hope is that when the strike period comes around again the agreement can be adjusted to everyone’s satisfaction easily without a work stoppage.
East Coast Ports are doing the same kind of pre-negotiation. Everyone is afraid of a shutdown like the last one in prime shipping season.
Source: ILWU caucus to determine future of West Coast labor peace | JOC.com
Comments Off on ILWU caucus to think about future of West Coast Port labor peace
Posted in Labor Economics, Logistics, Ports, Supply Chains
Tagged labor economics, ports, strike, supply chains
Supply Chain Digest Port Technology International Marine Link
Supply Chain and Logistics 