A dockworkers strike could shut down East and Gulf ports. Will it affect holiday shopping?
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A threatened dockworkers strike could shut down U.S. ports from Maine to Texas, affecting about 45,000 workers; the strike is set to begin on October 1, 2024, if no agreement is reached. The International Longshoremen’s Association demands higher wages and a ban on automation at 36 U.S. ports, which handle half of the nation's cargo. The last strike by the ILA was in 1977. Major ports affected include Baltimore, Philadelphia, New Orleans, and Savannah. President Biden indicated he would not intervene under the Taft-Hartley Act. Retailers have begun contingency planning, with many shipping goods early to avoid shortages. The Toy Association warns that a strike could lead to product shortages and higher prices during the critical holiday sales period, which accounts for up to 60% of annual toy sales.
#Dockworkers #Strike #HolidayShopping #Ports #SupplyChain #Retail #LaborUnion #Biden #InternationalLongshoremen’sAssociation #UsEconomy
https://www.wabe.org/a-dockworkers-strike-could-shut-down-east-and-gulf-ports-will-it-affect-holiday-shopping/
WABE 90.1 FM /
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2024-09-30 17:56:37
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wss://relay.damus.ioPublished at
2024-09-30 17:56:37Event JSON
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"content": "A dockworkers strike could shut down East and Gulf ports. Will it affect holiday shopping?\n==========\n\nA threatened dockworkers strike could shut down U.S. ports from Maine to Texas, affecting about 45,000 workers; the strike is set to begin on October 1, 2024, if no agreement is reached. The International Longshoremen’s Association demands higher wages and a ban on automation at 36 U.S. ports, which handle half of the nation's cargo. The last strike by the ILA was in 1977. Major ports affected include Baltimore, Philadelphia, New Orleans, and Savannah. President Biden indicated he would not intervene under the Taft-Hartley Act. Retailers have begun contingency planning, with many shipping goods early to avoid shortages. The Toy Association warns that a strike could lead to product shortages and higher prices during the critical holiday sales period, which accounts for up to 60% of annual toy sales.\n\n#Dockworkers #Strike #HolidayShopping #Ports #SupplyChain #Retail #LaborUnion #Biden #InternationalLongshoremen’sAssociation #UsEconomy\n\nhttps://www.wabe.org/a-dockworkers-strike-could-shut-down-east-and-gulf-ports-will-it-affect-holiday-shopping/",
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