West Coast port contracts could upend global supply chain
Supply chain snags and overcrowded ports have been a huge issue for the Biden Administration.
Consumer spending may have dipped a bit recently, but global demand remains high during the COVID pandemic. In fact, Bloomberg reports $150 Billion in profits for ocean-freight companies last year alone.
Well, there’s a contract negotiation involving more than 20,000 employees at West Coast ports that could up-end shipments of just about everything Americans use on a daily basis. The current contract expires on July 1.
Host Scott Tong gets the latest from Los Angeles Times business reporter Sam Dean.
This article was originally published on WBUR.org.
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