The Retail Industry Leaders Association (RILA) issued the following statement in response to reports that a tentative agreement has been reached between UPS and the Teamsters, preventing a worker strike.
“News of a tentative UPS-Teamsters contract agreement is an enormous relief to retailers, who have been navigating the possibility of a strike and the associated uncertainty for weeks. With a work stoppage now taken out of the equation, retail supply chains can continue firing on all cylinders to deliver for consumers across the country.
“We’ve learned all too well over the last several years the impact supply chain disruptions can have. We’re grateful that this challenge, which would have had a price tag in the billions of dollars and a long runway for recovery, was avoided. With a deal in place that keeps this key link in the retail supply chain fully operational, retailers can head full steam into back-to-school shopping season with confidence, and the U.S. economy can continue its recovery and growth.
“We encourage a quick ratification and adoption of the agreement to ensure this chapter of uncertainty is closed.”