A union contract involving 45,000 dockworkers lapsed on Monday, kicking off a strike that could shut down ports across the East and Gulf coasts. Here's how it could impact you.
A labor agreement involving thousands of dockworkers along the East and Gulf coasts lapsed on Monday, signaling them to walk off the job overnight.The strike over wages and automation could reignite inflation and cause shortages of goods if it goes on for more than a few weeks, experts say.
Just how long the strike lasts depends on how severely the supply chain could be affected. If drawn out, the strike would force businesses to pay shippers for delays and cause some goods to arrive late for peak holiday shopping season — potentially impacting delivery of anything from toys or artificial Christmas trees, to cars, coffee and vegetables. Americans could also face higher prices as retailers feel the supply squeeze.
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