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West Coast port contracts could upend global supply chain05:50


Supply chain snags and overcrowded ports have been a huge issue for the Biden Administration.

Consumer spending may have dipped a bit recently, but global demand remains high during the COVID pandemic. In fact, Bloomberg reports $150 Billion in profits for ocean-freight companies last year alone.

Well, there's a contract negotiation involving more than 20,000 employees at West Coast ports that could up-end shipments of just about everything Americans use on a daily basis. The current contract expires on July 1.

Host Scott Tong gets the latest from Los Angeles Times business reporter Sam Dean.

This segment aired on June 16, 2022.