I don't think it'll drive up hyperinflation. The lack of supply will already do this.
I think it will convince shippers to avoid Los Angeles port and start considering other ports. You'll probably see an economic impact on L.A. county and California overall. Would not be surprised if California economy heads into a recession shortly following this move.
I don't think it'll drive up hyperinflation. The lack of supply will already do this.
I think it will convince shippers to avoid Los Angeles port and start considering other ports. You'll probably see an economic impact on L.A. county and California overall. Would not be surprised if California economy heads into a recession shortly following this move.
Oh nm. Saw the other comments about how the cost could pass onto consumers.