Walmart is among the companies that imports the most at the affected ports, data showed.George Frey/AFP via Getty ImagesThe port workers' strike could disrupt business for big retailers, according to ImportGenius data.Walmart, Ikea and Samsung are some of the biggest importers at ports affected, the data show.JPMorgan predicted the strike could cost the US up to $5 billion daily.Major retailers are pivoting their shipping plans and preparing for the financial impact of the ongoing port strike.Each day that dockworkers and maritime workers aren't moving along cargo, companies that import goods at the East and Gulf Coast ports will experience disruptions to supply chains.Alan Murphy, the CEO of the liner research firm Sea-Intelligence, said on CNBC on Tuesday that if the strike lasts more than a month, it will tip the US into a recession.
Similar Stories to From Walmart And Ikea To Heineken, Here Are The Companies Whose Imports May Be Most Impacted By The Port Strike on Bing News
jhart@insider.com (Jordan Hart), Business Insider
Thu, 10/03/2024 - 2:33am
Topics: george frey/afp getty imagesthe walmart samsung gulf coast alan murphy ceo sea-intelligence tradingwilliam george importgenius bills lading us customs general motors home depot jess dankert retail industry leaders association west coast bob's discount furniture international longshoremen's association maine texas ikea arbor research trading us business insider dankert bi companies imports port strike data affected firm supply retailers plans handle told phone sellers stores workers makers impact cost shipping provide moving delays chain chart cargo reach contingency exposed day
BING NEWS:
- Port strike: distilled spirits exports and imports at risk says trade group
A trade association said the distilled spirits industry and its consumers are facing impacts from the dockworker strike at East and Gulf Coast ports – and could experience even more if it continues.
10/2/2024 - 11:18 pm | View Link - From Walmart and Ikea to Heineken, here are the companies whose imports may be most impacted by the port strike
US port disruptions from the ongoing strike could impact the imports of major retailers like Walmart and Ikea the most, Import Genius data show.
10/2/2024 - 10:33 pm | View Link - Walmart, Ikea, and Home Depot are among the major companies that'll be affected by the port strike
A massive dockworkers strike could impact cargo movement of leading importers operating on the East Coast and Gulf ports, including Walmart (WMT) and General Motors (GM), according to trade data ...
10/2/2024 - 2:10 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more