Supply chain at risk as S. Korean truckers strike again

7 days ago FMT

UIWANG: Unionised truckers in South Korea kicked off their second major strike in less than six months today, threatening to disrupt manufacturing and fuel supplies for industries from autos to petrochemicals in the world’s 10th largest economy. In June, an eight-day strike by truckers delayed cargo shipments across Asia’s fourth largest economy, costing more than US$1.2 billion in lost output and unmet deliveries. Lead organiser the Cargo Truckers Solidarity Union (CTSU) has warned the strike could stop oil supplies at major refineries and transport at major ports and industrial plants. The truckers chanted, “We stop, the world will stop!” and “Let’s stop driving to change the world!”. The Korea Oil Station Association is asking gas station owners to secure enough inventory ahead of the strike, an association official said earlier.
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