U.S. Port Strike Could Trigger New Wave of Inflation ...Middle East

OILPRICE - Economy

More than 45,000 International Longshoremen's Association (ILA) members from over three dozen facilities across 14 Gulf and East Coast ports went on strike early Tuesday, marking the largest labor action at US ports in nearly 50 years. The labor action, driven by disputes over automation and wages in a new multi-year labor contract, threatens to disrupt supply chains nationwide. If the strike persists for more than a week, retailers could face shortages of certain goods (read: here), potentially sparking another wave of inflation. ILA's strike…

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Last updated : 01 October 2024 clock 07:01 PM

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U.S. Port Strike Could Trigger New Wave of Inflation ...Middle East

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