Biden talks to CEOs about efforts to alleviate supply chain problems

President BidenJoe Biden Nicaragua Ortega Prepares to Win Election Amid International Criticism Representative Gosar Releases Anime Video Showing Him Hitting Biden, Ocasio-Cortez Overnight Energy & Environment – Presented By ExxonMobil – Activists Cry Over COP26 Draft MORE on Tuesday he spoke with the CEOs of four large retailers and shipping companies about efforts by management and the private sector to alleviate flexible chain disruptions.

Biden spoke with Walmart President and CEO Doug McMillon, UPS CEO Carol Tomé, FedEx Chairman and CEO Frederick Smith, and Target Chairman and CEO Brian Cornell, according to an official from the White House.

“During the conversations, President Biden received updates from these private sector leaders on the efforts they are making to accelerate performance throughout our merchandise movement supply chain and discussed how the shelves will be well stocked this holiday season thanks to the tireless efforts of their companies, as well as ports and workers ranging from stevedores to truck drivers, railroad and warehouse workers, store clerks and everyone in between, ”said the White House official.

Biden also discussed the administration’s recently announced “action plan” to ease bottlenecks at US ports and the funding included in the bipartisan infrastructure bill passed last week to improve transportation components. of the national supply chain.

Walmart, Target, UPS and FedEx were among the companies that pledged last month to expand their operations to move goods faster as part of a broader White House effort to address global supply chain issues, which are a symptom of the coronavirus pandemic. and they have threatened the holiday shopping season.

Biden welcomed company executives and other stakeholders to the White House in October to discuss the supply chain.

In addition, the ports of Los Angeles and Long Beach moved to 24-hour daily operations to move goods more quickly.

The plan announced by the Biden administration early Tuesday includes a policy change that will allow port authorities to redirect cost savings from existing federally funded projects to help address bottlenecks. Administration officials said the change would allow the Georgia Port Authority to spend $ 8 million in unspent funds on a new pop-up container project.

The Department of Transportation also plans to award $ 240 million in grants through the Infrastructure Development Grants program over the next 45 days and will open competition for the first round of grants for port infrastructure through the Port Infrastructure Bill. infrastructure within the next 90 days.

In addition to the immediate action we have already taken, President Biden also reiterated the short-term and long-term steps we are taking to make our supply chain more resilient, including today’s announcement of the Administration’s Port Action Plan, as well as the historical levels of investment that the Bipartisan Infrastructure Agreement provides for our ports, roads, bridges, rails and other key components of our supply chain.

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