With a strike deadline looming, the union for 45,000 dockworkers and the group representing East and Gulf Coast ports have exchanged wage offers, leaving a ray…
A work stoppage would significantly snarl the nation's supply chain, potentially leading to higher prices and delays in goods reaching households and businesses if it drags on for weeks.
The International Longshoremen’s Association was threatening to strike at 12:01 a.m. Tuesday in a move that could silence ports that handle about half the ship cargo coming in and going out of the U.S.“We are hopeful that this could allow us to fully resume collective bargaining around the other outstanding issues in an effort to reach an agreement,” the alliance statement said.
A work stoppage would significantly snarl the nation's supply chain, potentially leading to higher prices and delays in goods reaching households and businesses if it drags on for weeks. "The first thing that's going to be impacted is our fresh produce, fresh seafood. About $17 billion worth of fresh seafood comes through these ports on the East and Gulf Coast ports,” said Danny Munch with the American Farm Bureau Federation.
Dhokia added that East Coast ports aren't the only ones at risk for disruption, as concern leading up to the strike has already diverted many shipments out West, adding to route congestion and more pressure on demand. Impacts will also be felt internationally — particularly in places like the United Kingdom, he said, where the U.S. is its largest trading partner.
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