Dockworker Strike Disrupts U.S. Supply Chains

The ongoing strike by 45,000 International Longshoremen’s Association (ILA) members at East and Gulf Coast ports is causing significant disruptions in U.S. supply chains. Industries from automotive to aviation are impacted by potential shortages and price increases, while the oil and gas industry remains unaffected for now. The strike, which began after contract negotiations with the United States Maritime Alliance broke down, demands higher wages and a halt to port automation. Economic experts warn of 'extraordinary consequences' for the economy, potentially prompting President Biden to seek a court injunction if the strike persists. Shoppers are already experiencing shortages, leading to increased panic buying, particularly of essentials like toilet paper.