Posted inMoney & Solutions
Unseen Challenges: How Port Strikes Drive Up Transportation Costs and Affect Consumers
Port strikes can have far-reaching and often underestimated consequences for the economy, especially in global supply chains where the efficient movement of goods is critical. When port workers go on strike, the delays and disruptions that follow create a ripple effect that impacts transportation, shipping costs, and the prices of everyday consumer goods. These hidden costs accumulate quickly, affecting businesses and consumers alike, as shipping times increase, and the price of goods rises.