What are the potential impacts of the East and Gulf coast port strikes on the Port of LA?
Dock workers, nearly 45,000 of them from as far north as Maine to as far south as Texas, have dropped their hardhats for a hard stance as they begin walking the picket line. A dockworkers strike could shut down East and Gulf ports. Will it affect holiday shopping?
Seroka said the ports are prepared if the strike forces a diversion of shipments from the East and Gulf coast ports to Southern California. "The underlying US economy remains strong," Seroka said on CNBC."These purchase orders that go in from retailers and manufacturers typically start off the process 90 to 100 days before cargo makes its way here to the West Coast. Those numbers continue to be strong.
Seroka also said Southern California ports are currently operating at 80-percent effective capacity and that they “still have room to grow.” There are no backlogs, he said.
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