In October, the ILA's strike shut down 14 major ports, threatening over half of U.S. global trade, but fortunately lasted only three days.
With dockworkers demanding higher wages and opposing automation, the ILA's actions could lead to significant supply chain disruptions and higher costs if not resolved.
If future agreements are not reached, small businesses should diversify supply chains as potential port strikes could severely impact shipping and inventory.
An extended port strike could drive up costs for import goods, lead to inflation, and seriously affect retail and manufacturing sectors.
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