Potential rail strike could devastate auto industry, close ports and lead to empty shelves
August 21, 2024A strike or lockout in Canada’s rail industry could devastate auto and agricultural sectors and lead to empty store shelves heading into the busy holiday shopping season, say supply chain experts, economists and retail analysts.
Retailers are also worried about the prospect of empty shelves, and say Canadians could see higher prices as a result of the rail shutdown.
“The rail disruption threatens to wreak havoc on Canada’s retail supply chains, push costs up and worsen affordability for food and consumer goods,” said Michelle Wasylyshen, spokesperson for the Retail Council of Canada. “With the critical holiday season also approaching, the possibility of empty shelves isn’t welcome news.”
Read full article. (Toronto Star)
