Biden To Address Growing Supply Chain Problems

The New York Times reports:

President Biden will announce on Wednesday that the Port of Los Angeles will begin operating around the clock as his administration struggles to relieve growing backlogs in the global supply chains that deliver critical goods to the United States.

Product shortages have frustrated American consumers and businesses and contributed to rising prices that are hurting the president politically. And the problems appear poised to worsen, enduring into late next year or beyond and disrupting shipments of necessities like medications, as well as holiday purchases.

Mr. Biden is set to give a speech on Wednesday addressing the problems in ports, factories and shipping lanes that have helped produce shortages, long delivery times and rapid price increases for food, televisions, automobiles and much more.

Read the full article.

Like many other problems we have inherited, we are tackling the supply chain mess. https://t.co/VB49q59B5l

— Ronald Klain (@WHCOS) October 13, 2021

BREAKING: Consumer prices rose 0.4% last month, slightly higher than August’s gain and pushing annual inflation back to the highest increase in 13 years. https://t.co/piJOn8UAc9

— The Associated Press (@AP) October 13, 2021