Impact of the East Coast Port Strike

What is the primary cause of the current supply chain disruptions discussed in the video?

• A natural disaster

• A major union strike

• A technological failure

• A government policy change

What are the two main demands of the International Longshoremen's Association in the labor dispute?

• Increased vacation days and healthcare benefits

• More flexible working hours and job security

• A ban on automation and higher wages

• Better working conditions and retirement plans

How much of the US economy's imports move through the East and Gulf Coast ports?

• 10% to 20%

• 25% to 30%

• 50% to 60%

• 43% to 49%

What is the potential daily cost to the US economy if the ports remain non-operational?

• $100 million to $500 million

• $1 billion to $2 billion

• $500 million to $1 billion

• Several hundred million to $4.5 billion

Which industry is NOT mentioned as being significantly affected by the port strike?

• Food

• Automobiles

• Pharmaceuticals

• Technology

What percentage of active pharmaceutical ingredients used in the US are imported from India?

• 60%

• 75%

• 48%

• 25%

Which company is mentioned as having significant exposure to the port strike?

• Walmart

• Amazon

• Apple

• Microsoft

What is the estimated duration of the current vehicle supply if the strike continues?

• 90 to 120 days

• 60 to 90 days

• 120 to 150 days

• 30 to 60 days

What historical act allows the government to intervene in strikes that threaten the national economy?

• The Fair Labor Standards Act

• The National Labor Relations Act

• The Wagner Act

• The Taft-Hartley Act

What is the potential impact on inflation if the strike continues?

• Stabilized prices

• Increased inflation

• No impact

• Deflation