Port strikes 2024: Stores and big brands most affected as dockworkers walk off over 80% pay hike demand

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Port strikes 2024: Stores and big brands most affected as dockworkers walk off over 80% pay hike demand

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Walmart, Ikea and Home Depot are among the big retailers that will be most affected by strikes that are crippling ports on the East coast. Dockworkers who have shut down 36 ports from Maine to Texas will cost the US economy billions of dollars - and cause shortages of goods and price rises within days, experts warn. Retailers account for about half of all container shipping volume. Many of the big players rushed in Halloween and Christmas merchandise early to avoid any strike-related disruptions, incurring extra costs to ship and store those goods.
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