Retailers Fret as Labor Dispute Slows Down Working at Ports

Retailers Fret as Labor Dispute Slows Down Working at Ports

The port dispute on the West Coast has created frustration for the producers and exporters across the nation. There is no strike but still, the workers of the main ports are in a labor dispute and have slowed down the process of imports and exports.

The Pacific Maritime Association and the International Longshore and Warehouse Union are working and trading offers, but almost every port up and down the coast has felt the impact of the backup.

As per one analysis, the blockage at the West Coast ports could cost retailers around $7 billion this year. The problem could become worse if the slowdown turns into a complete shutdown.

According to the estimation of The National Retail Federation and National Association of Manufacturers, a 10-day shutdown could cost the economy a huge amount of $2.1 billion each day.

The biggest problems are going on in the Los Angeles and Long Beach, the two busiest ports in California. There you can see around 10 or 20 freights waiting every day.

The problem has turned so severe that now it has reached the desks of Congress members. Keeping the issues in mind, Nebraska Sen. Deb Fischer, R-NE, has chaired a Subcommittee named 'Keeping Goods Moving'. This subcommittee deals with Surface Transportation and Merchant Marine Infrastructure, Safety and Security.

After hearing the whole thing, Sen. Fischer released that the hearing was a must for the examination of the impact of ongoing service disruptions at different ports on the transportation supply chain.

He added, "Given the real economic consequences of the ongoing port congestion on the West Coast, I'm calling for a swift resolution to the current negotiations".

Despite the possibility of even bigger economic downturn, the labor dispute has not been resolved yet. Both the parties are adamant at their part and seem to be getting further apart.

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