Levi Strauss & Co. (LEVI) chief financial and growth officer Harmit Singh joins Seana Smith and Brad Smith along with Yahoo Finance’s Executive Editor Brian Sozzi on Catalysts to talk about the ongoing port strike and how it could affect the retailer.

Singh says that Levi’s recognized the port strike could happen and took preemptive steps to mitigate the impact. “We have balanced our shipments that we're receiving between the West Coast and the East Coast. The other thing is just to ensure that the consumer does not suffer, and is able to have a good holiday season [and] enjoy the shopping experience, we have airfreighted the newer product into into the US. And so we're doing what we can to minimize the impact on the consumer.”

He notes, “The strike continues for longer than a week [or] longer for ten days, I think there will be an impact potentially in December. It probably doesn't impact us as much in our quarter, which ends in November. But potentially in December, early Jan. So we're hoping and praying that this gets sorted out fairly quickly.”

The CFO says his view “is working with the ocean freighters and the rest, who we have good relationships with. We believe we'll be able to mitigate some of the product pressures on pricing pressures we have so that we don't pass it on to the end consumer. The end consumer, at the end of the day, is still getting good value for the products we sell.”

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This post was written by Naomi Buchanan.