The ongoing dock strike in the United States: Economists say food prices may respond first

Jinsan data, October 3rd, economists said that due to the acceleration of the delivery speed of key commodities by enterprises in recent months, the strike will not initially lead to higher prices for consumers. However, economists at Morgan Stanley believe that a long-term shutdown will eventually seep into prices, and food prices may be the first to respond. Sean Connolly, CEO of packaged food manufacturer Conagra, said on Wednesday that the company had purchased raw materials in advance and worked with suppliers for months to prepare for the strike. He said: If the problem persists, it will be a bigger problem for everyone. According to data from Everstream Analytics, as of Tuesday, more than 38 container ships were stranded in U.S. ports, compared to only three on the Sunday before the strike. Stewpot manufacturer Newell Brands has hundreds of containers filled with products manufactured in Asia, which arrived at West Coast ports this week after being diverted from the East Coast two or three months ago. The company said that there is a slight congestion at the West Coast ports, but they are still operating at full capacity.