All eyes on West Coast ports’ talks with labor
June 20, 2022
Talks between management at the 29 ports along the West Coast and the International Longshore and Warehouse Union are ongoing, with importers hoping a timely deal can be struck to avoid any further disruptions to the supply chain. “I’m extremely nervous. I’ve seen this movie before,” said Isaac Larian, CEO of the toy manufacturer MGA Entertainment. “There’s no real alternative to using these ports. I’m praying twice a day, rather than once.”
Recent News
Express’s New Owner Brings Post-Bankruptcy Hope to Beleaguered Retailer
Express’s bankruptcy filing earlier this month had analysts concerned about the popular clothing retailer’s survival, but news about its new owner has given a glimmer of hope to both Wall Street and consumers alike.
Fast-Food Chains in California Significantly Spike Prices on Menus
Restaurants in California are staying true to their word that menu prices would increase following the state’s rise in the minimum wage for fast-food workers.
LVMH Is Creating Luxury Cityscapes Around Its Designer Stores
LVMH is transforming older neighborhoods worldwide into upscale plazas and shopping hubs.
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.