Brazil is facing one of the worst strikes in its history, caused by the pressure of truckers Unions against the rising cost of fuel, which has doubled in cost. Because Brazil’s heavy reliance on road transportation, this strike has had a major impact on the entire country’s logistics infrastructure and several key highways have been blocked for days, resulting in a virtual halt to deliveries of fuel, food, medicine and other vital supplies.
While the government has announced its acceptance of some of the truckers’ demands, it has not been enough to end the strike. Further compounding matters, Petrobras employees and distributors announced a 72-hour strike commencing May 30. The resulting losses in the Brazilian economy are projected to reach billions of dollars and could take months to recover.
Globex and our partner brokers in the region are monitoring this evolving situation and are doing everything we can to assist clients impacted by the strike. Our partners in Brazil are working with the local HR managers of benefits clients to assist in monitoring inpatients as medical supplies are in shortage in some hospitals. In addition, our key P&C partners are supporting clients in crisis management, as many plants have been closed due to the lack of raw materials, products are spoiling and companies are concerned about business interruptions and security of their cargo on the road and at their facilities.
For more information or if you have any questions please call our experts at 1-800-661-1518 or fill out the contact form below.