The strike could create a domino effect across the global supply chain, causing backlogs, equipment shortages, and increased shipping costs.
With labour contracts between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) set to expire in September 2024, a potential strike could halt operations at U.S. East Coast and Gulf Coast ports, affect half of the US’ containerised imports and every day of a strike to cause a backlog upto ten days. The strike could create a domino effect across the global supply chain, causing backlogs, equipment shortages, and increased shipping costs.