🧵 1. Urgent situation brewing: US Port Strike could start Tuesday as labor contract deadline looms. Potential major supply chain disruption if no deal reached. #business
🧵 1. Urgent situation brewing: US Port Strike could start Tuesday as labor contract deadline looms. Potential major supply chain disruption if no deal reached. #business
🧵 2. Goldman predicts $5 billion in daily international trade at risk if ILA longshoremen strike on East and Gulf Coast ports. Supply chains could face inflation.
🧵 3. Flexport CEO raises alarm on looming port strike as a wildcard in upcoming presidential election. Retailers anxious as $4.9bn daily trade hangs in the balance.
🧵 4. Retailers like Dollar Tree fear chaos as half their products pass through impacted ports. Survey reveals who could be most disrupted by a potential strike.
🧵 5. President Biden addresses press on Yemen strikes but stumbles in response. Critics question cognitive health as domestic and foreign policies face challenges.
🧵 Read more at: https://www.zerohedge.com/markets/time-running-out-us-port-strike-could-begin-tuesday-goldman-finds-highly-exposed-retailers