Reported 7 days ago
A potential strike by 45,000 dockworkers could shut down East and Gulf ports, raising the risk of shortages and price hikes during the crucial holiday shopping season. The International Longshoremen's Association is demanding higher wages and a halt to automation, with a contract expiration looming. Retailers are already making contingency plans, as most goods for the holidays are already in the U.S., but prolonged disruptions could lead to significant shortages and increased costs for consumers.
Source: YAHOO