As of 12:01 a.m. ET October 1st, 85,000 members of the International Longshoreman’s Association (ILA) will go on strike — effectively shutting down every American port along the Atlantic and Gulf Coast.
These longshoremen are responsible for loading, unloading, inspecting and documenting all the cargo that passes through these ports. Without them, traffic grinds to a halt.
If a strike is averted, the market might rise on the news. If not, it could be a rough week for any company that increased supply chain disruptions would negatively impact.
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