Story at a glance:
- President Biden is working with shipping yards, laborers and warehouses to deliver on the U.S. supply chain before and on Christmas.
- An expert says there are too many economical factors that prevent Biden from succeeding.
- Almost half a million cargo carriers are stalled in the Los Angeles port, waiting to be delivered.
President Biden is working with labor and shipping officials to address issues in the U.S. supply chain before and on Christmas.
Biden unveiled his new strategy to ease bottlenecks in the supply – the reason why some goods have either not been delivered or are not on store shelves. He introduced a system that would allow 24/7 operation at the Port of Los Angeles, Reuters reported.
On Wednesday, Biden held a meeting with leaders of Ports of Los Angeles and Long Beach California as well as FedEx and UPS to get ahead of potential economic entanglement, ABC News reported.
Ports of Los Angeles and Long Beach California handle 40 percent of the nation’s cargo carriers, and half of a million of these cargo carriers, according to ABC, have long-awaited toys, furniture, appliances that are waiting to be delivered.
The long wait times and shortage of these goods explains why prices have increased, NBC News reported.
Target and Walmart promised to push out more goods during the night, which Biden said is a “big first step.”
“We need the rest of the private sector chain to step us as well,” he added.
U.S. chief economist at Mizuho Securities Steven Ricchiuto believes, however, Biden’s plan will not change the inevitable.
“What the president’s doing isn’t going to really hurt. But at the end of the day, it doesn’t solve the problem,” Ricchiuto told Reuters.
At this point, the supply chain issues are adding to existing challenges: a worker shortage, and equipment shortage, and a lack of storage space nationwide, Reuters reports.
As ABC News reports, people have already started their Christmas shipping as a result of the bottleneck.
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