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Retailers Making Alternative Plans to Get Goods on Shelves for Holidays During Port Strike
Dock workers in the USA went on strike for the second day, and labor negotiations have reached a deadlock.
The strike action of 45,000 dockworkers along the US East Coast and Gulf Coast has entered its second day, with insiders saying that there have been no negotiations arranged between labor and management so far. Due to the lack of progress, there are concerns that the transportation disruptions may last for a long time. The strike by the International Longshoremen's Association (ILA) has already disrupted the transportation of goods from food to autos at dozens of ports from Maine to Texas, with analysts warning that this will result in economic losses of billions of dollars per day. President Biden's government is pressuring US port employers to improve conditions to ensure an agreement is reached with the dockworkers to end the strike.
newell brands (688697.SH): The company's products have been sold to more than 50 countries or regions globally.
On September 27, Newell Brands (688697.SH) recently stated during meetings with institutional investors that the company adheres to a global strategy, has established a relatively complete overseas sales network, and its products are now sold in more than 50 countries or regions worldwide. In the future, the company will continue to expand the scale of overseas marketing personnel, and continuously optimize and develop overseas agents suitable for the company to improve the company's overseas revenue level. The company places importance on overseas markets, and the company's management will comprehensively consider market prospects, investment environment, industry support, and other related factors to make appropriate choices, supporting the company in achieving stable and sustainable development.
newell brands (688697.SH): Currently, the company is operating at full capacity.
Gelonghui September 27th│ newell brands CNC (688697.SH) recently stated in a meeting with institutional investors that the current design capacity of phases one, two, and three is 2.5 billion, with phase three starting production in July 2022 and already mostly operational. Phase four's project design capacity is 0.7 billion and is currently under construction, with the main structure expected to be completed by the end of this year and production to commence in the first half of 2025. The company's production capacity design aligns with its development global strategy, with the company currently running at full capacity. If there is a small amount of excess capacity, the company will pre-invest in some standard models to shorten delivery times, which is beneficial for future order fulfillment.
Wells Fargo Maintains Newell Brands(NWL.US) With Hold Rating, Cuts Target Price to $8
Wells Fargo Gives a Hold Rating to Newell Brands (NWL)
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