Looming port strikes to have limited impact on toy makers owing to early shipments, UBS says
** Brokerage UBS believes both retailers and toy suppliers have been pulling products into U.S. earlier this year
** Says toy makers and retailers have shifted to West Coast ports from East Coast in the wake of potential port strikes since spring this year
** U.S. East and Gulf Coast port workers are set to go on strike on Tuesday with no talks currently scheduled to head off a stoppage threatening to halt container traffic from Maine to Texas
** Given the potential disruption from impending port strikes, spot rates as well as contract rates are likely to rise in the West Coast
** UBS expects impact for toy makers from spot rate fluctuation could be limited as peak production/shipment likely wrapped up end of August or first half of September
** Believes there has been a general push by retailers this year to increase mix of direct imports given anticipation of supply chain disruption and favorable margins
Reporting by Savyata Mishra in Bengaluru
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