Concerns over potential effects to the supply chain grow as 45,000 dockworkers are threatening to strike Tuesday at ports along the Gulf Coast and East Coast.
Union members are seeking significant wage increases and a ban on automation at ports. The two sides haven’t held negotiations since June.
A shutdown of any length could raise prices on goods and possibly cause shortages price increases at retailers as the holiday shopping season continues. Many retailers ordered shipments earlier this year, but could face delays if they need to replenish stocks.
A strike by longshoremen could also cause a disruption within the trucking industry, which moves goods from the ports to warehouses and other locations.
The Conference Board said a one-week strike could cost the U.S. economy $3.78 billion ($540 million per day).
