ThinkSabio Latest News

#COST Costco's CEO on how the big U.S. port strike could impact holiday shopping.
Costco CEO Ron Vachris told investors during the company’s earnings call on Sept. 26 that the company has implemented several strategies to secure holiday goods ahead of the strike, which was officially called on Tuesday, Oct. 1.

“We have done a little bit of everything,” Vachris said. “We’ve got contingency plans. We’ve cleared the ports. We’ve pre-shipped.”

Moreover, Costco has “looked at alternate plans” that could help it “move goods to different ports across the country, if necessary.” Vachris said the company has been closely monitoring the port strike and was aware of the timing.

Search | Individual Statistical Report (thinksabio.com)