The price of bananas, chocolate and alcohol may increase due to shortages and strikes

By: Trademagazin Date: 2024. 09. 30. 11:12

A strike by coastal workers at Eastern and Gulf ports on Tuesday could cause major disruptions to the supply of popular products, causing major concern in the trade sector. Businesses are closely following the approach of the 12:01 a.m. strike deadline on Tuesday, while there is still no sign that they are getting close to an agreement. According to CNN’s report – which was seen by Pénzcentrum – the availability of several products may decrease as a result of the strike, including chocolate, alcohol, popular fruits, and certain car brands.

Price and stock shortages: expected effects of the strike

Depending on the length of the strike, there may be a shortage of certain products, which may result in a price increase for the goods that are still available. The holiday shopping period is expected to be less affected by the situation, as retailers have already stockpiled their stock for the holidays in advance. According to Jonathan Gold, vice president of the National Retail Federation, the peak shipping season usually runs from July to early November, but this year companies have moved the timing forward to late May or early June.

However, the transport of fresh, perishable goods such as fruit and vegetables can be at serious risk. A significant portion of the bananas consumed in the United States, as well as 90% of imported cherries, come from these ports, making these products particularly vulnerable to disruptions caused by the strike.