00:00It's Benzinga, and here's what's on the block.
00:02A dockworker strike at major U.S. East and Gulf Coast ports could disrupt global supply
00:07chains and increase consumer prices.
00:10The International Longshoremen's Association began the strike at 14 key ports over wage
00:15and automation disputes.
00:17These ports handle $3 trillion in annual trade.
00:21Matthew Shea, CEO of the National Retail Federation, warned of economic consequences during the
00:26recovery, especially ahead of the holiday season.
00:29This fear renewed inflation, particularly for perishables such as coffee, frozen food,
00:34and bananas.
00:35The strike mirrors previous supply chain issues from the pandemic, with inflation risks growing
00:40the longer it persists.
00:42For all things money, visit Benzinga.com.
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