Oddbean

Dockworker Strike Set to Begin Tuesday, Threatening Supply Chains ========== A dockworker strike by the International Longshoremen's Association (ILA) is scheduled to start on October 1, 2024, due to stalled wage negotiations. The strike could disrupt imports and exports across industries, affecting essential goods like medicine and holiday gifts. The ILA represents 85,000 members and has not seen a coast-wide strike since 1977. Experts warn that even a two-week strike could lead to supply chain disruptions lasting until 2025, with potential daily losses of $640 million at the Port of New York and New Jersey. The United States Maritime Alliance (USMX) has been unable to resume negotiations, and trade groups are urging the Biden administration to intervene. The strike could lead to price hikes for consumers and significant delays in shipping. #DockworkerStrike #SupplyChain #Ila #Usmx #WageNegotiations #ImportExport #Economy #ShippingDelays #HolidayGifts #Pharmaceuticals https://www.businessinsider.com/dockworker-strike-what-will-be-impacted-prices-inflation-martime-longshoremen-2024-9