As a port strike approaches its fourth day with no resolution in sight, consumers are clearing store shelves of certain products, fearing shortages.
While some are hoarding items like toilet paper, experts said that items such as food, cars, appliances, clothes and furniture could actually become harder to find and more expensive.
These effects are expected to linger even after a deal is reached, potentially affecting prices through the holiday shopping season.Haig Tcholakian, a store owner, said, "For every week the strike goes on, it could be months in delays for us to our products just because of the backlog of the ships and the unloaded process."
Some regions have seen consumers buying up huge quantities of items like bottled water, paper towels and toilet paper. Experts said these items often aren't coming from overseas and would not be affected by the port strike."I urge the customers not to panic. Panic doesn't help anyone, hoarding doesn't help anyoneThe group representing shippers and ports has proposed a nearly 50% pay raise over six years, but the union has deemed the offer insufficient.
Shortages Panic Buying Consumers Prices Store Shelves Experts Products
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