This is how badly the port strike could wreck the US economy
Dockworkers at the Port of Baltimore are part of a port strike extending from Maine to Texas. Stephanie Scarbrough/Associated Press A port workers' strike from Maine to Texas could deliver a major hit to the US economy. The key to how much damage is done will be how long it lasts, logistics experts told BI. A prolonged strike could lead to shortages of perishable goods and to higher prices. A strike involving port workers from Maine to Texas could inflict major damage to the US economy. How high the economic wreckage piles up will depend on how long dockworkers are on the picket lines, logistics experts told Business Insider. A strike lasting a week or two would create backlogs but would carry minimal economic costs outside of areas that depend on port activity, according to Adam Kamins, an economist at Moody's Analytics. But "anything longer will lead to shortages and upward price pressures," Kamins said. He noted that shipment of food and automobiles c
