US port exec warns of empty shelves in 5-7 weeks – what it means for Bitcoin price
The post US port exec warns of empty shelves in 5-7 weeks – what it means for Bitcoin price appeared on BitcoinEthereumNews.com.
A sudden contraction in US imports threatens to ripple through consumer markets, potentially impacting Bitcoin’s price action. Retailers have less than 2 months of stock Executive Director Gene Seroka flagged a forecasted 35% reduction in container volumes at the Port of Los Angeles, which marks a critical early warning. As reported in a Bloomberg interview on April 25, Seroka noted that approximately 50,000 Twenty-foot Equivalent Units will vanish from inbound flows next week as retailers pause orders in response to tariff pressures. This abrupt disruption follows major shipping lines suspending key trans-Pacific services, further tightening supply chains already bracing for tariff fallout. Seroka flagged the supply-chain impact on supporting industries, ”So the trucker hauling four or five containers today, next week she probably hauls two or three. The dock workers are no longer gonna see overtime and double shifts. They’re gonna probably work less than a traditional work week.” When questioned whether a trade deal now would limit the shortage, Seroka replied with a timeline of what would happen. ”About two weeks to get the ships repositioned around these major ports[…] load up all those containers, and then another two weeks to steam across the Pacific to get to us. This is important ’cause now we’re talking about spring and summer fashion, so we’re kind of at a crux here that we’ve gotta have something pretty quick.” Seroka continued, “Retailers are saying, we’ve got about five to seven weeks of normal inventory in the country right now. Then we start to see spot shortages if it goes on much beyond this.” ONE and Yang Ming’s indefinite suspension of the PN4 Asia-U.S. West Coast route removes 12,000-14,000 TEU of weekly capacity. Complementing this, Hapag-Lloyd has listed structural blank sailings for later in the year, signaling a transition from temporary adjustments to…
Filed under: News - @ May 5, 2025 9:25 am