After months of advocacy, the final agreement modernizes federal shipping law to address supply chain disruptions
The National Restaurant Association applauds final passage of the Ocean Shipping Reform Act, which should help address long-standing and systemic port disruptions impacting costs throughout the supply chain.
“Whether it’s food, packaging, or equipment restaurants depend on, supply chain disruptions are so bad, American importers and exporters are paying the highest shipping rates ever recorded for the worst service levels ever experienced,” said Sean Kennedy, executive vice president of public affairs for the National Restaurant Association. “There’s no silver bullet that will solve the nation’s supply chain challenges, but we’re hopeful this legislation will provide some relief by updating federal regulations for the global shipping industry. After months of advocating with our supply chain partners for these changes, we hope modernization of the Ocean Shipping Act will help reduce shipping costs and improve supply chain challenges.
“We appreciate the support and effort of Sens. Amy Klobuchar and John Thune, who brought the Senate and House intentions together for this final bill, which we hope will create positive long-term impacts for the restaurant industry and our supply chain partners.”
Specifically, the legislation will: