It Begins! US Port Strikes Erupt, Fears of Supply Chain Chaos, Inflation Rise, $5 Billion Loss a Day

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It Begins! US Port Strikes Erupt, Fears of Supply Chain Chaos, Inflation Rise, $5 Billion Loss a Day

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– 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.
#breaking #news #PortStrike

Learn More:
https://www.zerohedge.com/markets/it-begins-us-port-strikes-erupt-first-shutdown-50-years-sparks-fears-supply-chain-crisis

45,000 Dock Workers From Maine to Texas Go on Strike — Nation Braces for Inflation Spike and Supply Chain Chaos — Experts Warn U.S. Faces $5 Billion Loss a Day

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