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.

By A.J. Hecht

A.J. Hecht is the managing editor of THE SHOP and host of the In Gear with THE SHOP podcast. Have an idea, a tip, or a question you’d like to see answered? Contact A.J. at ahecht@cahabamedia.com.