Yahoo Finance News comments on supply chain
Current contract with unionized dockworkers in California is set to expire on 7/1/2022
- Covers more than 22,000 workers who belong to International Longshore and Warehouse Union
- Control 30 ports on west coast of USA
- “two sides are unlikely to reach a deal before the July 1 expiration”; stated The Pacific Maritime Association
- Some are predicting that agreement must be reached by 8/1/2022 to prevent shipping interruption
- Workers are “looking to push for more wages which they will get, no more automation, which they will probably get also, but I think they are probably going to claw back some of the stuff that they gave up in
their last contract” - “neither party is preparing for a strike or lockout”