Biden met with his cabinet to address the holiday supply chain crisis.

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source: bloomberg.com

Biden met with his cabinet to address the holiday supply chain crisis.

The White House reported that they also spoke with business and labor leaders through a statement.

US President Joe Biden held a meeting with his Cabinet members, National Economic Council Director Brian Deese, and other private sector leaders on Wednesday to discuss progress with the supply chain heading into Christmas.

"We brought together business and labor leaders to solve problems, and the long-awaited crisis has not happened. Instead, packages are moving, gifts are being delivered, and shelves are not empty," said Biden, according to a statement from the White House.

Biden received a report on Wednesday from members of his cabinet and private sector CEOs on the challenges posed by the supply chain crisis in the country.

At the meeting, where these advances were discussed, they also discussed gasoline prices, the possible approval of the 'Build Back Better' social spending plan, and the effect that the 'Trucking Action Plan' may have on the population, a measure with which the US Administration intends to "support and expand access to work in freight transport."

"Participants noted that trucking is the lifeblood of the supply chain, and truckers were heroes during the pandemic, transporting the vaccines and products that people needed," the White House statement said.

The meeting came just days before Christmas began and amid the expansion of the Omicron variant of the coronavirus, which threatens to put new pressure on global supply chains that were plunged into chaos amid the pandemic. , something that the administration says it is watching closely, according to CNN.

Biden noted that the bottlenecks that formed during the pandemic are beginning to unblock and said that retail inventories have increased 3 percent from last year and that delivery times for delivery companies "are faster than before."

On the other hand, White House spokeswoman Jen Psaki said Wednesday that the number of containers in the docks of the ports of Los Angeles and Long Beach, for more than eight days, has been reduced by almost one 50 percent.

He also assured that the inventory on the shelves is approximately 90 percent (retail stock on the shelves).

"As 'The New York Times' said today (Wednesday), Christmas presents will arrive on time this year. Good news. We have saved Christmas. And that's because President Biden recognized this challenge early on, acted as an honest broker to bring together key stakeholders, and focused on addressing practical issues throughout the global supply chain," Psaki said.