Dockworkers Strike Threatens Supply Chains

This is a U.S. news story, published by Global News, that relates primarily to The International Longshoremen’s Association (ILA news.

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United States Maritime Alliance

Global News

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A U.S. port shutdown is nearing. The impact on Canada could be ‘severe’ - National | Globalnews.ca

Summary

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77% Informative

The International Longshoremen’s Association (ILA ) represents roughly 45,000 dockworkers at 36 seaports from Texas to Maine .

The union has threatened to walk off the job on Oct. 1 if they don’t reach an agreement on a new contract with the United States Maritime Alliance (USMX) of shipping companies.

A shutdown of those U.S. ports would threaten the delivery and viability of much of those goods, business groups say.

A strike could cost the entire U.S. economy US$5 billion a day, or about six per cent of GDP expressed daily , analysts say.

Moody’s analysis says a strike lasting more than a week or two would result in rising prices and noticeable shortages of manufacturing inputs and retail goods.

The Canadian Chamber of Commerce is in the process of doing its own economic impact assessment.

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formal

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English

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