The Potential Economic Impact of a UPS Strike and Biden's Role in Labor Talks

A potential strike by 340,000 UPS workers could result in slower delivery times, supply chain disruptions, and higher shipping costs if an agreement is not reached by August 1. The strike, which would be the largest against a single employer in U.S. history, could cost the U.S. economy billions of dollars, including losses for customers, lost wages, and direct losses at UPS. Rural areas and small businesses without alternative delivery options would be most affected, while big retailers may fare better due to their use of multiple delivery services. The strike could also impact supply chains for medical gear and car parts. Businesses are already preparing for disruptions by warning customers of delays and turning to third-party shippers, but costs may increase and could be passed onto consumers.