US retailers brace for potential pain from a longshoremen’s strike
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A longshoremen's strike is set to begin at 12:01 a.m. Eastern time on Tuesday, threatening to close 36 ports from Maine to Texas; Chris Butler, CEO of National Tree Company, warns that 150,000 artificial Christmas trees may not arrive in time for the holiday season; the strike could impact half of the goods shipped into and out of the U.S.; the International Longshoremen’s Association has 45,000 members demanding higher wages and a ban on automation; President Biden and Vice President Harris face pressure to intervene without alienating union support; the Taft-Hartley Act could allow Biden to suspend the strike for 80 days; a prolonged strike could raise prices and fuel inflation; retailers are already facing supply chain issues due to attacks on shipping routes; companies are preparing for potential shortages; the Toy Association and other groups have urged Biden to mediate negotiations.

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https://whdh.com/news/us-retailers-brace-for-potential-pain-from-a-longshoremens-strike/