East and Gulf Coast Dockworkers Strike Threatens Supply Chains

The strike by 45,000 dockworkers could lead to shortages and price hikes if prolonged, with key negotiations ongoing.

The International Longshoremen’s Association strike affects 36 ports from Maine to Texas, demanding higher wages and a halt to automation.
The strike could cost the U.S. economy up to $5 billion per day, with potential impacts on fresh produce, auto parts, and pharmaceuticals.
Experts say immediate consumer impact is minimal, but prolonged disruptions could lead to shortages and price increases, especially for perishables.
Panic buying has been reported, but experts emphasize that domestically produced goods like toilet paper are not at risk.
President Biden has expressed optimism about negotiations but has not intervened, citing the importance of collective bargaining.