Chaos is building for shippers as costs rise

Workers at the Red Hook Container Terminal in Brooklyn went on strike, causing chaos in the nationwide logistics system. Thousands of containers are misplaced, leading to increased costs for shipping clients. Ocean carriers are diverting vessels to alternative ports, adding to transportation expenses. The strike, now in its third day, is due to disagreements over wage increases and port automation. This has led to concerns about food shortages, higher grocery prices, and delays in medical supplies. Major companies like Walmart and Amazon are affected, with potential costs reaching millions of dollars. The strike is expected to have a significant impact on the economy, with delays and price hikes likely to continue.