The US could see shortages and higher retail prices if a dockworkers strike drags on
Yet on top of the cost of storing goods for longer, retailers will have a hard time replenishing their inventory should the strike drag on, and as Gold pointed out, carriers are already announcing surcharges on shipped containers due to potential disruptions.
Everyone Is Getting the Dockworkers Strike All Wrong
An ongoing US dockworkers strike could cost the economy up to $4.5 billion daily and shave a half percentage point off of US GDP for the fourth quarter, analysts say. But experts agree the overall economic impact will be modest. The strike could result in one of the greatest supply chain disruptions since COVID-19.
In a social media post, the union's president Harold Daggett said the union was fighting for “the kind of wages we deserve.” ...
The strike by unionized dockworkers at East and Gulf Coast ports has ground coffee shipments to a halt, setting up a supply ...
The union representing U.S. dockworkers has signaled that 45,000 members will walk off the job at midnight, kicking off a ...
Approximately 50,000 ILA union longshoremen went on strike after failing to reach an agreement on a new contract with ...
Half of all U.S. ocean imports flow through the East Coast and Gulf ports, which means consumers may face higher prices and shortages, experts have previously told USA TODAY. But those shortages would ...
Some 45,000 port workers continued their fight for higher wages and protections from automation in their next contract.
Some manufacturers and retailers are urging President Joe Biden to invoke a 1947 law as a way to suspend a strike by 45,000 ...
With 45,000 longshoremen at 36 U.S. ports from Maine to Texas on strike for the first time in decades, experts say the ...
A strike on the East Coast’s ports is creating a significant risk to the U.S. economy and supply chains that grows with every ...
Tens of thousands of dockworkers officially went on strike early Tuesday ... Employees at docks from Texas to Maine walked out with no new labor deal in hand. The ILA strike is the first at ...
The U.S. dockworkers’ strike impacting major ports from Maine to Texas began Tuesday, posing a major threat to the supply ...
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