US retailers look to back-up shipping plans to prep for holidays as strike continues

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Economic Times Logo Economic Times 14h ago

US retailers look to back-up shipping plans to prep for holidays as strike continues - Economic Times

Quick Summary:

Long lines of container ships queued up outside major U.S.ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day, preventing unloading and threatening shortages of everything from bananas to auto parts.

"Depending on how long the strike lasts, many retailers and auto lots may reduce holiday sales events because they won't have enough goods available," he added.

Major retailers from Levi Strauss to Costco are preparing alternative shipping plans to ensure goods arrive in time for the peak holiday season as the U.S.