Name: Biden enlists Target, Walmart to fix bottlenecks threatening holiday sales
Uploaded: 2021-10-24T16:00:12+00:00
Duration: 26 min 7 s
Description: President Joe Biden on Wednesday urged the private sector to help ease supply chain blockages that are threatening to disrupt the U.S. holiday season and said the White House plans a nationwide overha

4 years ago

President Joe Biden on Wednesday urged the private sector to help ease supply chain blockages that are threatening to disrupt the U.S. holiday season and said the White House plans a nationwide overhaul of the clogged system.

Biden said the Port of Los Angeles would join the Port of Long Beach, two of the country's busiest, in expanding round-the-clock operations to unload an estimated 500,000 containers waiting on cargo ships offshore.

Walmart (WMT.N), Target (TGT.N) and other big retailers would also expand their overnight operations at the ports to try to meet delivery needs, Biden said.

It is a "big first step" to revamping supply chains in the United States, the world's biggest consumer market, Biden said, adding the government would be heavily involved.

Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.

https://www.reuters.com/world/us/biden-cite-progress-unsnarling-supply-chain-meeting-with-labor-industry-2021-10-13/

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