Gerald Storch, the CEO of Storch Advisors, discusses the implications of a dockworker strike on retailers and consumers. He emphasizes that while there is a rising demand for automation to alleviate labor issues, ultimately, automation's role may not be as significant as perceived. His commentary suggests that the ongoing economic situation and unions' actions will continue to shape the retail landscape.
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The ongoing labor issues, particularly the dockworkers' strike, may adversely affect retail supply chains, putting pressure on companies reliant on timely deliveries of goods. If the situation worsens, it may lead to decreased sales for affected retailers. Thus, investing in retail stocks may carry more risk now.
Oct 7, 2024, 5:04 AM
A new analysis estimates that the former president’s proposals could grow deficits by as much as $15 trillion over a decade.
Storch Advisors CEO Gerald Storch discusses the impact of the dockworker strike on retailers and consumers, the demand for a ban on automation, and whether Biden should get involved in the strike.
Sep 30, 2024, 5:00 AM
Last year, apparel resale in the United States grew seven times the rate of the broader retail industry. Independent resellers and corporate giants are getting creative to meet the demand.