"It's not just about the strike itself, but it's about how long it's going to take to recover from a strike," he says. Typically, a one-day shutdown of an individual port could mean anywhere from three- to five- days for recovery, he adds. With more than a dozen ports involved, a two week shutdown could mean backup issues through the holidays and into next year, says Gold.
"The impact on our industry will depend on how long the strike may go on," LG Electronics USA spokesperson John Taylor said in an email to Axios.
"We prepare for unforeseen disruptions in our supply chain and maintain additional sources of supply to ensure we have key products available for our customers when and how they want them," a Walmart spokesperson tells Axios.
"This is going to make a lot of money for the carriers, and that price is going to get passed on to the consumers," says William George, director of research.
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