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- Oct 28, 2022
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US ports from Maine to Texas could shut down Tuesday if a union representing about 45,000 dockworkers carries through with a threatened strike.
A lengthy shutdown of 36 ports - which handle half of America's cargo from ships - could raise cause shortages and price increases at big and small retailers alike as the holiday shopping season approaches.
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Walmart, Home Depot, Ikea and Amazon - who import tens of thousands of containers a year through ports on the east coast - would be worst hit. Empty shelves have not been seen in the US since the post-pandemic supply chain crush in 2021.
The International Longshoremen's Association is demanding a pay rise that works out at about 77 percent over six years. For union members on a typical rate, their wage would go from $81,120 to around $143,520.
Retail expert Neil Saunders of Global Data told DailyMail.om that the strike will cause two main problems - shoppers will face higher prices and empty shelves.
A lengthy shutdown of 36 ports - which handle half of America's cargo from ships - could raise cause shortages and price increases at big and small retailers alike as the holiday shopping season approaches.
erpfocus.comERP Software Comparison Guide - Compare Leading ERP Products
Ad
Walmart, Home Depot, Ikea and Amazon - who import tens of thousands of containers a year through ports on the east coast - would be worst hit. Empty shelves have not been seen in the US since the post-pandemic supply chain crush in 2021.
The International Longshoremen's Association is demanding a pay rise that works out at about 77 percent over six years. For union members on a typical rate, their wage would go from $81,120 to around $143,520.
Retail expert Neil Saunders of Global Data told DailyMail.om that the strike will cause two main problems - shoppers will face higher prices and empty shelves.