FOX BUSINESS: Port strike poses threat to small businesses: 'Could very well just shut us down'
Wocstar Capital CEO Gayle Jennings-O'Byrne warns that the current port strike, the first in nearly 50 years, could have a devastating impact on small businesses already struggling with tight profit margins and supply chain issues. The strike affects ports handling about half of the nation’s imports, meaning smaller businesses may face severe shortages, increased costs, and possibly even closures. Jennings-O'Byrne highlights that, unlike larger brands, these lean operations have limited cash reserves, making them especially vulnerable to even minor disruptions.
