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BBCNEWS Business Today October 1, 2024

As much as 5 Billion each day according tojpmorgan analysts. Us retailers, automakers and other businesses now face Ballooning Freight rates ahead of the crucial festive shopping season. Large retailers have pulled forward imports of much of their Holiday Merchandise and made reservations with west Coast Ocean and Rail Carriers in hopes of avoiding any disruption. Lets speak to peter sand, chief analyst at xeneta, an Ocean Freight analytics firm. Hello to you. I know you have already calculated what this could mean if the Strike Action goes ahead, so do tell us more. A disruption like this always comes at a bad time for European Exporters into North America as well as North American exporters out of thE East Coast And Gulf coast. It will be impacted at first but this seems to be a first for almost 50 years, has the potential no ....

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BBCNEWS Business Today October 1, 2024

Also on the programme thInkIng outside the box. Why people with dyslexia could be best placed to unlock the potential of ai. And, back down to Earth. Astronauts from All Over The World gather In The Netherlands for their annual convention. But what will they be talkIng about . Well hear from one of them welcome to to busIness today, im ben thompson. We begIn In the us, where Port Workers across the East Coast are set to walk out on Strike Tomorrow and to global supply chaIns. The action announced on sunday by the Port Workers union could shut down 36 ports which handle half the goods imported Into the us via contaIner. AccordIng to analysts atjp morgan, the cost to the us economy could be 5 Billion a day. ShippIng rates are already soarIng ahead of the crucial festive shoppIng season.
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BBCNEWS Business Today October 1, 2024

Heavy equipment, agricultural products and pharmaceuticals. The ports account for more than half of container imports. Consumers are not likely to feel the effect right away and many businesses have tried to get ahead of this by stockpiling or diverting shipments to the West Coast and i spoke to the ceo of The Port of long beach and he said they had a record august but having said that, if the strikes go ahead and last for weeks, they could lead to shortages and high prices for consumers. Who; high prices for consumers. Why are we in high prices for consumers. Why are we in this high prices for consumers. Why are we in this position . The entire east Coast Port Infrastructure could be shut down by this . Why have the talks broken down . The dock Workers Union talks broken down . The dock Workers Union have talks broken down . The dock Workers Union have been talks brok ....

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