Americans could face high prices and shortages again this holiday season but this time, it would be because of a worker strike instead of a global pandemic, according to a report by USA Today.
As of Thursday, the International Longshoremen’s Association (ILA) said labor talks with the United States Maritime Alliance (USMX) remain at a standstill, and about 45,000 of its union workers at 36 East coast and Gulf Coast ports are ready to walk on Oct. 1 for the first time since 1977.
A strike could lead to shortages of certain items and boost prices for voters already frustrated with housing and food inflation, experts said. The ports handle about half of U.S. ocean imports, including food, clothing, auto parts, cars shipped via container and holiday toys, experts said.
“A supply chain disruption would undoubtedly lead to price increases across the board and would impact consumers’ ability to find the toys they are looking for in the weeks and months ahead,” said Greg Ahearn, president and chief executive of The Toy Association.
Click here to ready the full report by USA Today.
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