economie

From Walmart and Ikea to Heineken, here are the companies whose imports may be most impacted by the port strike

Grocery stores, furniture sellers, and phone makers are feeling the heat of the port strikes.

William George, director of research at ImportGenius, told Business Insider that the firm pulled Bills of Lading (essentially receipts) from US Customs to determine the companies.

The chart doesn’t include data from shipping companies that handle cargo from multiple businesses or anonymous shipments.

Business Insider reached out to all the companies named. A spokesperson for General Motors said the company has “contingency plans in place” as it monitors the situation.

Home Depot tapped Jess Dankert, vice president of supply chain at the Retail Industry Leaders Association, to provide insight into how the strikes could impact retail giants.

“In most cases, retailers activated their supply chain contingency plans in advance of the strike, rerouting shipments to the West Coast or moving shipment dates up to avoid significant delays,” Dankert said.

Bob’s Discount Furniture declined to provide a statement; the rest of the companies didn’t comment to BI.

JPMorgan analysts estimated that the strike could cost the US up to $5 billion a day. Ultimately, it’s consumers who will pay the price.

Some of the products that experts say could be affected are perishable food, tires, salt, and liquor.

Until the International Longshoremen’s Association can reach a contract deal for higher wages and more benefits with employers, ports from Maine to Texas will continue to have costly disruptions.

“It is critical for the parties to reach an agreement and reopen the gateways that handle roughly half of US imports and exports,” Dankert told BI.

Read the original article on Business Insider

https://www.businessinsider.com/us-port-strike-companies-most-exposed-walmart-ikea-samsung-2024-10