Bloomberg: UPS Strike Could Harm US Economy

The U.S. economy could face disruptions and large economic losses if UPS workers go on strike, according to a report from Bloomberg.

Citing Bart De Muynck, chief industry officer at project44, a supply-chain data company, the report claims that a strike would lead to higher shipping prices, which will ultimately be passed on to consumers, and longer lead times for deliveries.

According to De Muynck, a quarter of all parcel volume—equal to 6% of the U.S. GDP—is handled through UPS, and a strike lasting 10 days would cost the economy $7.1 billion in lost wages and production.

Click here to read the full report.