(Ames) The suspended port strike along the east and Gulf coasts could still cause some issues. According to an Iowa supply chain expert, it may prompt a flurry of “forward buying.” He expects companies to do more “forward buying” to stock up before mid-January in the event a resolution is not ironed out and port workers go on strike again.
It took only three days for one side to concede the strike at the United States East and Gulf Coast ports to end, with likely only limited damage to America’s economy.
Members of the International Longshoremen’s Association, the union representing 50,000 members covered under the contract with the United States Maritime Alliance, were back on the job early Friday after the two sides reached an agreement on the most significant disagreement in the strike that started early Tuesday – the scale of wage increases.
