Biden Meets with CEOs on Supply Chain Issues
November 30, 2021
U.S. President Joe Biden met at the White
House Monday with chief executives of major
retailers to learn about supply chain
challenges during the busy holiday season.
“The business leaders we gathered here today
represent a broad swath of American
shopping: brick and mortar and online
stores, national and local grocery chains,
our nation's largest retailer, and makers
and sellers of toys, electronics and health
supplies,” the president said.
“I want to hear from each of you about what
you're seeing this holiday season,” he told
the business leaders.
The Biden administration has been struggling
to fix supply chain problems, including
backlogged ports and a shortage of truck
drivers to haul goods across the country.
The supply chain issues, fuel prices that
rose markedly earlier this year and other
factors have contributed to rising U.S.
CEO Doug McMillon said, “While we’re all
concerned about the supply chain, we have
more inventory than we did a year ago, and
we have the inventory that we need to be
able to support the business.”
He told the meeting virtually, “We are
seeing progress. The port and transit delays
are improving.” Walmart has seen a 26%
increase in shipping containers getting
through U.S. ports in the past month,
according to McMillon.
Food Lion President Meg Ham told the meeting
the company’s supply chain “is strong and
robust, and we have ample product inside of
our stores for customers to choose from
during this holiday.”
The White House said other participants at
Monday’s meeting, both in person and
virtual, included the CEOs of Best Buy,
Samsung North America, Qurate Retail Group,
Todos Supermarket, Etsy, Mattel, CVS Health