Rich Zeoli

Dockworkers Strike: Are Supply Shortages Coming?

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Sinopsis

The Rich Zeoli Show- Hour 1: 3:05pm- Could the International Longshoremen Association’s ongoing strike negatively impact Kamala Harris’s presidential campaign? In a viral video circulating on X, shoppers in Costco can be seen stocking-up on essentials like toilet paper and bottled water. Will there soon be supply shortages similar to what Americans experienced during Covid-19? 3:10pm- Dockworkers Launch Massive Strike. Paul Berger of The Wall Street Journal writes: “Dockworkers at dozens of U.S. ports are digging in for a massive pay increase, seeking to flex their power in a strike that aims to strangle the flow of trade across much of the country…About 60% of containerized trade moves through the East Coast and Gulf Coast ports where ILA dockworkers last year unloaded about $588 billion of imports, according to S&P Global Market Intelligence…J.P. Morgan equity analysts estimate a ports strike would cost the U.S. economy between $3.8 billion and $4.5 billion a day, some of which would be recovered once