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Just how much American consumers and the U.S. economy will be impacted by the strike's immediate disruption of ports that handle about half of the country's trade in cargo containers depends on ...
A dockworkers strike at ports across the country could pose delays to the U.S. supply chain, experts say. The strike — which has shut down 14 ports along the East and Gulf coasts on Tuesday, Oct ...
That means America could see some shortages of chocolate, alcohol, popular fruit, including bananas and cherries, and even certain cars if the strike lasts a long time. That could mean higher ...
The shutdowns could immediately affect the supply of perishable foods, including 75% of the country’s banana imports, which are received at ILA-handled ports, according to the American Farm ...
According to Goldman Sachs, the 14 largest ports affected by the strike handle about 25% of US goods imports, and a 10-day strike would result in a 0.2 percentage point reduction in fourth quarter ...
The ports affected by the strike handle 3.8 million metric tons of bananas each year, or 75% of the nation’s supply, according to the American Farm Bureau Federation.
The AFBF said feedstocks that go into other food products, including soybeans, cocoa beans and sugar cane, could also be affected, but consumers aren’t likely to feel a hit from these immediately.
Overall, the affected ports handle $3 trillion in international trade per year, according to CNBC. Walmart, Ikea, and Samsung are the companies hit hardest across all affected ports, per ...