The strike action of 0.045 million dockworkers along the East Coast of the USA and the Gulf Coast of Mexico has entered its second day, with sources saying that both labor and management have not yet arranged for negotiations.

Due to the lack of progress, there are concerns that the transportation disruptions may last a long time. The strike by the International Longshoremen's Association (ILA) has already hindered the transportation of goods from food to autos at dozens of ports from Maine to Texas, with analysts warning that this will result in daily economic losses of billions of dollars.

President Biden's administration is pressuring US port employers to improve treatment, to ensure an agreement with the dockworkers and end the strike.

Biden said on Wednesday to reporters, "They're making incredible profits, with profits up over 800% since the COVID-19 pandemic, owners profiting tens of millions of dollars from it. It's time for them to sit down at the negotiating table and end the strike."

Economists state that due to companies speeding up the delivery of key commodities in recent months, the initial strike will not lead to an increase in consumer prices. However, economists at Morgan Stanley believe that a prolonged shutdown will eventually seep into prices, with food prices possibly being the first to react.

Sean Connolly, CEO of packaged food manufacturer Conagra, stated on Wednesday that the company had purchased raw materials in advance and worked with suppliers for months in preparation for the strike. He said, "If the problem persists, it will be a bigger issue for everyone."

According to data from Everstream Analytics, as of Tuesday, there are over 38 container ships detained at US ports, compared to only three the Sunday before the strike.

Newell Brands, a stew pot manufacturer, has hundreds of containers filled with products manufactured in Asia. These containers were rerouted from the East Coast of the USA two to three months ago and arrived at West Coast ports this week.

The company stated that the West Coast ports have a "little congestion", but are still operating at full capacity.

After negotiations for a new six-year contract with the United States Marine Transportation Alliance (USMX) broke down, the ILA, representing 45,000 port workers, went on strike on Tuesday. The union is seeking a $5 hourly wage increase each year for the next six years.

USMX stated on Wednesday that they are focused on resuming negotiations, but they "cannot agree on the preconditions for resuming negotiations".