Workers at ports stretching from Maine to Texas went on strike early Tuesday in a dispute over wages and automation.
So, the unpredictability of this issue here is really in play and it has the magnitude to really throw a giant wrench in global supply chains,” she added.
Ocean supply chains have already been hit hard this year by conflict in the Red Sea, a lengthy drought affecting the Panama Canal and the Baltimore bridge collapse.
You might say it is a perfect storm, but it is also a really good negotiating position for those people wanting a strike,” Sand said.
“Frequent shocks to supply chains in recent years have left producers more attuned to the risks of running low inventories,” Saunders said on Sept. 25.
Persons:
” Lisa DeNight, Newmark, CNBC’s, DeNight, Peter Sand, Sand, ” Sand, — “, ”, Maersk, Bradley Saunders, Joe Biden, Biden, Taft, Hartley, ” Saunders
Organizations:
U.S, Workers, International Longshoremen’s Association, ILA, United States Maritime Alliance, Maersk, North America Economist, Capital Economics
Locations:
East, Gulf, Maine, Texas, U.S, Red, Panama, Baltimore, Gulf Coast, Europe, Asia, Danish, East Coast