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Everyone Is Getting Dockworkers Strike All Wrong
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.
Dockworker Strike in US Drags On
President Joe Biden is urging US port employers and shipping lines to restart talks with striking dock workers. Every major port on the Atlantic and Gulf coasts has been closed since Tuesday morning.
4h
on MSN
How much do dockworkers make? What to know about wages amid ILA port strike
In a social media post, the union's president Harold Daggett said the union was fighting for “the kind of wages we deserve.” ...
1h
on MSN
Strike grinds coffee shipments to a halt at East and Gulf Coast ports
The strike by unionized dockworkers at East and Gulf Coast ports has ground coffee shipments to a halt, setting up a supply ...
3h
Dockworkers strike, shutting eastern ports
Approximately 50,000 ILA union longshoremen went on strike after failing to reach an agreement on a new contract with ...
3h
on MSN
Dockworkers at ports from Maine to Texas go on strike, a standoff risking new shortages
The union representing U.S. dockworkers has signaled that 45,000 members will walk off the job at midnight, kicking off a ...
1h
At least 45 container ships backed up outside US ports as dockworkers strike enters third day
Some 45,000 port workers continued their fight for higher wages and protections from automation in their next contract.
46m
Dockworkers strike poses big risks for economy the longer it lasts
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 ...
3h
The president could invoke a 1947 law to try to suspend the dockworkers’ strike. Here’s how.
Some manufacturers and retailers are urging President Joe Biden to invoke a 1947 law as a way to suspend a strike by 45,000 ...
studyfinds
1h
Crowded ports and empty shelves: How will the U.S. dockworkers strike affect you?
About 45,000 dockworkers are now on a strike that has paralyzed ports from Maine to Texas. Here's what to expect from the ...
1d
on MSN
Dockworkers may have the negotiating advantage in their strike against US ports
With 45,000 longshoremen at 36 U.S. ports from Maine to Texas on strike for the first time in decades, experts say the ...
KNAU Arizona Public Radio
1h
Why bananas may become one of the first casualties of the dockworkers strike
One of the first places shoppers may feel the effects of the dockworkers' strike is in the produce aisle. Hundreds of tons of ...
4h
on MSN
From Shoes to Alcohol, These Products Will Be Impacted by the Dockworkers’ Strike
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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