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 not only to lift Freight Rates higher due to the disruption from the strike, but certainly also to have wider implications, one or two months later down the road w
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. Mr president would you Intervene In a dock Workers Strike . Intervene In a dock Workers Strike . , Intervene In a dock Workers Strike . Why Intervene In a dock Workers Strike . No. Why not . Intervene In
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 broken down . The dock Workers Union have been in l Workers Union have been in talks with the us Maritime Alliance now four
Like tesla s elon musk and salesforce s marc benioff, who have also called for similar return to office mandates. However, it s a push that s proven unpopular amongst some tech workers. Last year, a number of corporate employees staged a walk out at its seattle headquarters, citing multiple grievances, including grievances, including the push to get workers back the push to get workers back in the office. In the office. Facebook owner manager has facebook owner manager has bound an several russian bound an several russian media from its platforms. In a media from its platforms. In a statement, it is a decision was statement, it is a decision was made after careful made after careful consideration and that enforcement of the van will consideration and that enforcement of the van will happen over the next few days, happen over the next few days, move comes after the white move comes after the white house signalled that like house signalled that like russia s rt were being used to r
A walk out at its seattle headquarters, citing multiple grievances, including the push to get workers back in the office. Boeing has introduced immediate spending freezes and says it may have to lay off staff temporarily to keep costs down. This comes as the company deals with the impact of a strike involving some Thirty Thousand workers. Boeing has now asked its suppliers to suspend deliveries of parts for the 737 max, 777 and 767 freighter aircraft, which are all built in factories directly affected by the shutdown. Less Tha N less than half of us companies. American companies have become increasingly pessimistic about operating in china. A recent survey from the American Chamber Of Commerce in shanghai showed that less than half of us companies or 47 are optimistic about the worlds second largest economy over the next five years. Largest economy over thats the lowest percentage ever recorded by the survey. Ken wilcox, the former boss of Silivon Valley Bank knows all about the challe