Reported 7 days ago
Dockworkers along the East and Gulf Coasts are set to strike at midnight, potentially disrupting the US supply chain. Mark Szakonyi, an expert from S&P Global Market Intelligence, discusses the International Longshoremen's Association's strong opposition to automation in port operations and the ongoing wage negotiations. The length of the strike will influence the severity of disruptions, with experts predicting significant economic costs if the Biden administration intervenes. Szakonyi emphasizes the union's concerns over job loss while recognizing some potential safety benefits of automation.
Source: YAHOO