The port workers' strike could cost the US up to $5 billion daily, with major retailers like Walmart and Ikea facing significant shipping disruptions, according to JPMorgan.
Alan Murphy, the CEO of Sea-Intelligence, warned that if the port strike persists beyond a month, it could even lead the US into a recession, highlighting its severe economic consequences.
Retailers, especially those importing heavily from affected ports, are pivoting to new shipping plans as delays in cargo movement threaten to disrupt supply chains significantly.
William George from ImportGenius emphasized that the analysis of Bills of Lading helped identify which companies are most exposed, revealing high-risk businesses in the retail sector.
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