The risk of dockworkers striking is one we have been following long before it started. We have provided private clients with our thoughts on the risks to the US economy and impact to the markets. We were correct in predicting the strike would happen two weeks before it did.
We now watch to see the ripple effects to businesses in the surrounding areas. The effects will be significant. Just how deep they will go depends on how long the strike lasts for. We believe that if it proceeds to two weeks the US President may likely step in under the Taft-Hartley Act.
The ongoing port strikes are severely impacting food imports, disrupting the supply chain for both restaurants and retailers, who are now forced to rely on alternative sources. This shift will likely lead to supply bottlenecks and rising prices due to increased demand.
The labor strike is affecting a wide range of goods, from automobiles to containers filled with bananas and European wine, across multiple ...
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