Alba Wheels Up founder and president Salvatore Stile argues businesses will get 'crushed' by excess inventory and a looming rail strike causing an imbalance in the supply chain.
– which rose 0.4% last month – meaning that consumers may be spending the same but getting less bang for their buck."I think that was really unhealthy spending," Stile explained. "Credit card debt has increased, it's taking longer for consumers to pay their debt, and I think a lot of the spending was due to retailers giving special sale items on excess inventory that they had from the previous months."second labor union rejected"It was very vague...
Small businesses would get"crushed" by a looming nationwide railroad strike after two unions rejected a Biden-brokered deal, Salvatore Stile said on"Mornings with Maria." If strikes do take place and disrupt rail shipments, Stile predicted small and medium-sized businesses would get "crushed." "You'd be stratospheric pricing, especially low on food and perishable items," the Alba Wheels Up founder said. "I think it's a real major issue."they are frustrated that their union representatives signed off on the presidential board's recommendations, arguing the agreement did not do enough to improve working conditions.
All 12 unions involved in the negotiations must agree to ratify their new contracts or a strike could occur that would devastate supply chains and the economy at large. At present, the soonest a strike might happen is mid-November. If a work stoppage is triggered, Congress is expected to get involved.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
2023 Nissan GT-R, 2023 Ford F-150 Raptor R, Volvo EX90: The Week In ReverseThe highlights for Motor Authority this week included driving the F-150 Raptor R and glimpsing the Volvo EX90 electric three-row SUV.
Consulte Mais informação »
Inflation and supply chain issues are expected to continue into 2023 - KRLD NewsInflation and supply chain issues are expected to continue into 2023. Unfortunately, this means both shoppers and businesses will witness higher prices into the holiday season. With a look at grocery trends heading into the holidays KRLD's John Liddle was joined by Leslie Sarasin, president and CEO of FMI. Image: wildpixel/GettyImages
Consulte Mais informação »
2023 Kia Sorento gets more standard safety features2023 Kia Sorento three-row SUV gets additional standard features across most models and a modest base price increase.
Consulte Mais informação »
2023 Volkswagen Atlas Review, Pricing, and SpecsWhile it’s not the extra-large GTI we wished it was, the three-row 2023 Volkswagen Atlas comes up big on cargo and passenger space.
Consulte Mais informação »
2023 Tesla Cybertruck What We Know So FarThe Tesla Cybertruck looks like it was dropped off by an alien race, but it has the capabilities to challenge all of the top-selling pickup trucks.
Consulte Mais informação »