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	Forwarded this email? Subscribe here for more Apple and pretty much everyone else brace for supply chain disruptions as U.S. east coast dockworkers strike MacDailyNews Oct 1   READ IN APP   U.S. dockworkers at ports from Maine to Texas went on strike early Tuesday, demanding higher wages and opposing automation. Apple, and pretty much everyone else, are bracing for the strike, the first since 1977, which could disrupt supply chains and lead to shortages of goods and even more inflation. The contract between the International Longshoremen’s Association and the ports expired at midnight, and despite progress in negotiations, the workers decided to strike. The strike affects 36 ports, impacting half of the nation’s cargo from ships. Surbhi Jain for Benzinga: ‎ Retail giants like Amazon and Apple are particularly vulnerable. They rely heavily on East Coast ports to bring in consumer electronics and inventory. Delays could hit these companies with the holiday shopping season around the corner. Amazon’s ability to meet demand for everything from household goods to electronics may suffer, while Apple risks product shortages on key items like the iPhone 15, iPhone 16 and MacBooks, all critical to its revenue in the fourth quarter. Tesla could also face a significant blow as it sources essential components globally… Agriculture and food companies reliant on East Coast ports, such as Tyson Foods Inc. TSN, may also face delays in getting goods to market, worsening consumer inflation. Business leaders and investors are watching closely, as a prolonged strike could have far-reaching consequences on multiple sectors, potentially pushing inflation higher and slowing economic growth. ‎ MacDailyNews Take: The sticking point seems to be automation. The union’s opening offer in the talks was for a 77% pay raise over the six-year life of the contract that would bar automation of their jobs. The U.S. Maritime Alliance, which represents the ports, most recently offered to 50% raises over six years, and it pledged to keep limits on automation in place from the now-elapsed contract. The union wants a complete ban on automation. Hence the stalemate and the resultant work stoppage. We are currently about 1/5th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Upgrade to paid Thank you! You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe