Approximately 45,000 US dockworkers are on strike following the failure of contract negotiations between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX). The deadline for reaching an agreement passed on September 30, triggering the work stoppage. This strike is now affecting operations at 36 ports along the East and Gulf coasts, spanning from Maine to Texas.

Yahoo Finance anchor Madison Mills breaks down the situation, exploring the potential economic ramifications of this strike and how the work stoppage could affect consumer goods availability.

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This post was written by Angel Smith