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Global: Strike at US ports risks impact on global supply
chains
A massive dockworker strike at US East and Gulf coasts seaports
is expected to wreak havoc on global supply chains and the US
economy.
Our Take: The dispute over wages and
automation with dockworkers has been brewing for months, with the
September 30 deadline passing without an agreement. Thirty-six US
seaports are directly impacted, while the global shipping industry
will face significant backlogs and delays that compound the longer
the strike continues. International shippers anticipated the
shutdown, accelerating holiday imports and reoriented some cargoes
to West coast seaports. However, a lengthy labor dispute will
impact global shipping, including US exporters who depend on the
impacted ports to access global markets. Analysts are focusing on a
one-week period as the breaking point for managing the impact of
disruptions. The
