- As the East and Gulf Coast ports strike hits day three on Thursday, there are multiple signs of supply chain stress building.
- Thousands of shipping containers were potentially dumped at the wrong ports as ocean carriers scrambled to find alternate options for cargo, and increased tracking of diverted vessels is a direct challenge to an ILA union threat to stop unloading at other ports.
- Surcharges imposed by shipping giants are starting to mount, and the need to use inland transportation options like trucking and rail for diverted cargo are adding to costs.
- A major grocery chain CEO tells CNBC that while it is well-stocked for weeks to come, some go-to items will not be available and prices on items like bananas will rise significantly.
'Chaos Is Building For Shippers As U.S. Port Strike Continues And Costs Rise' - CNBC
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