{"id":161632,"date":"2024-10-01T08:05:05","date_gmt":"2024-10-01T12:05:05","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=161632"},"modified":"2024-09-30T19:04:07","modified_gmt":"2024-09-30T23:04:07","slug":"potential-shipping-port-strikes-could-send-prices-up","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=161632","title":{"rendered":"Shipping port strikes could send prices up"},"content":{"rendered":"

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As of the scheduling of this posting, union workers working at ports on the Atlantic and Gulf Coast have declared the intent to start their strike on October 1, 2024, assuming an agreement is not made by then. Both sides of the dispute are currently at an impasse over port automation and wages. This strike could impact container availability, rail and truck cargo, food supply, and storage. There are people who think that stocking up on items may be in order. The workers involved in this dispute are with the International Longshoremen’s Association consisting of members located at ports on the East Coast and on the Gulf Coast.<\/p>\n

From Fox Business:<\/strong><\/span><\/p>\n

Unionized dockworkers in the International Longshoremen’s Association, which represents 45,000 members at East Coast and Gulf Coast ports, may go on strike beginning Oct. 1 if an agreement isn’t reached by the end of Monday.<\/p>\n

The two sides to the labor dispute have been at an impasse over issues including wages and automation at ports. A strike would likely have a domino effect on container availability, storage, rail and truck cargo as well as food supply.<\/p>\n

“You have the Suez Canal closed down, the Red Sea is closed down. If you have a strike on the East Coast, that’s going to be closed down. Guess what? Prices are going to go to the moon,” Catsimatidis warned.<\/p>\n

A third shopper said they “haven’t had any trouble” yet stocking up on essentials, but plan to “keep an eye on what’s going on.”<\/p>\n

The fourth shopper FOX Business spoke with said they’ll “probably most likely stock up” to avoid potential inventory shortages like the ones seen during the COVID pandemic, but buy things “day by day.”<\/p>\n

“I’ve been so busy I haven’t been [adjusting my shopping habits], but if I hadn’t been busy, I’d probably be shopping in Westchester and bringing the food down here because it’s much cheaper up there,” one of the earlier shoppers said. “The prices are already so high I feel because of the current administration, and I think it’s just going to get worse.”<\/p><\/blockquote>\n

Additional Reading:<\/strong><\/p>\n

Altus, K. (2024, September 30). US shoppers start to ‘stock up’ on essentials as port strikes pressure prices to go ‘higher than ever’. Fox Business<\/em>. Link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

As of the scheduling of this posting, union workers working at ports on the Atlantic and … Shipping port strikes could send prices up<\/span>Read more<\/a><\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-161632","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/161632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=161632"}],"version-history":[{"count":1,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/161632\/revisions"}],"predecessor-version":[{"id":161641,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/161632\/revisions\/161641"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=161632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=161632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=161632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}