Ron Leibman, chair of McCarter’s Transportation, Logistics & Supply Chain Management Practice, speaks with NJ Spotlight News about how the port strike could affect consumers. Leibman notes that the cost of goods for consumers “is going to go up, it’s the one certainty.” He continues, “It’s a very simple rubric—less capacity, higher prices, if you only have so many ships you can ship on prior to the strike, those prices are going to go very high.”
Leibman adds, “Without the government putting tremendous pressure on, unless the union suddenly has a come to God moment, there’s going to be a strike.”