New Jersey Chamber of Commerce Statement on Port Strike

This strike could be a disaster. It is going to cause disruptions to world supply chains and negatively affect the New Jersey and national economies. As evidenced by the recent Federal Reserve rate cut, inflation was finally somewhat under control - and the longer this strike lasts, the higher the probability prices will increase. And who knows how long this will last. We do not want the holiday buying season to be interrupted, which is so critical to the health of the economy. We believe that anybody who has the ability to stop this strike, slow it down, and try to have the sides come to an agreement - should weigh in. The strike has the potential of being so bad that people who have the ability to mute this - should mute it. There's absolutely nothing good about this.

Tom Bracken, President & CEO, New Jersey Chamber of Commerce