For the past eight months, the Pacific Maritime Association and the International Longshore and Warehouse Union have struggled to agree on a new labor contract. Even as negotiations resumed Friday after a short break, the inability to come to a deal and the resulting port congestion has prompted vast economic concern, especially among those in the retail industry.
Stephen Schatz, the senior director of media relations for the National Retail Federation, notes that though retailers have been doing all they can to keep their stores and warehouses stocked, they grow increasingly concerned over the long-term economic impact the dispute may have.
“The National Retail Federation has been keeping a close eye on this dispute,” Schatz told The Daily Caller News Foundation. “Over the past two to three months we have seen increasing concern from stakeholders.” Click here to read more.