Reported 4 days ago
The duration of the International Longshoremen’s Association (ILA) strike is in question, with predictions ranging around one week. While the Biden administration believes supply chains can endure a short strike, retailers like Walmart prepare for longer disruptions. The automotive sector, heavily reliant on port operations, could face complications quickly, especially since over 70% of certain parts are affected. Overall, the strike jeopardizes various supply chains, particularly in agriculture, with significant vulnerabilities highlighted by insurance experts regarding perishable goods.
Source: YAHOO