Trade groups are urging swift negotiations in the East and Gulf Coast port labor talks as contracts are set to expire on January 15. The Shippers Coalition and Retail Industry Leaders Association warn that failure to reach an agreement could lead to a strike, disrupting the U.S. economy with shipment delays, increased costs, and supply shortages. Negotiations, previously stalled over automation issues, are expected to resume soon. Concerns are heightened as the deadline approaches, coinciding with critical inventory replenishment periods for retailers.

Source: https://www.supplychaindive.com/news/shippers-urge-ila-usmx-deal/736620/