President Joe Biden on Wednesday pressed for more private companies to help alleviate supply-chain bottlenecks, as he touted expanded hours for a major U.S. port as a possible “game changer.”
Biden announced early Wednesday that the Port of Los Angeles would operate “24/7,” and said in afternoon remarks at the White House that FedEx
Biden met Wednesday with the leadership of the Port of Los Angeles, the Port of Long Beach and the International Longshore and Warehouse Union.
Separately, senior administration officials held a roundtable with top executives from Home Depot
Biden said his administration would continue to focus on strengthening supply chains — and also put companies on notice that he expects them to pitch in.
“If federal support is needed, I’ll direct all appropriate action. If the private sector doesn’t step up, we’re going to call them out and ask them to act,” he said.
As the coronavirus pandemic continues to snarl supply-chain channels, eLesor has reported that major retailers like Home Depot and Target
The White House meetings came a day after the International Monetary Fund lowered its world-economy growth forecast for this year, citing in part supply-chain disruptions in wealthy countries.