Target handles about 50% of its containers that arrive in California ports at night, he wrote, and is committed to increasing that amount by 10% over the next 90 days. "We’ve been running 24/7 supply chain operations for years, including at the ports," said Target CEO Brian Cornell in a blog post ahead of the meeting. Some CEOs scheduled to attend noted they are already working around-the-clock. The White House expects the pledges from the six companies to expand their hours will amount to 3,500 additional containers moving each week through the end of the year.īiden spoke after meeting with executives from the two ports as well as from the International Longshore and Warehouse Union, the Teamsters, the AFL-CIO, Walmart, FedEx, UPS, Target, the National Retail Federation, the American Trucking Association, the Pacific Maritime Association, and more. Samsung (005930.KS), Home Depot (HD.N) and Target are also increasing their work in off-peak hours. ALL HANDS ON DECKīesides the stepped-up port activity, three large carriers of goods - Walmart, FedEx (FDX.N) and UPS (UPS.N) - plan to step up their round-the-clock operations to speed the shipment of goods across the country. "What we can do is use every lever at the federal government level to reduce delays," she said, when asked about the possibility of mobilizing National Guard or other troops. White House spokesperson Jen Psaki told reporters Biden could not guarantee there would be no holiday disruptions. White House officials have said that Americans may face higher prices and some empty shelves this Christmas season due the supply chain problem. The latest Reuters/Ipsos poll shows the economy continues to be the most important issue for Democrats and Republicans alike. companies and pose a political risk for Biden, who is already battling a host of other domestic problems in his first year in office.
Lower-than-expected Christmas sales could hurt U.S.
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A shortage of warehouse workers and truck drivers to pick up goods is partly to blame. The supply crisis is driven in part by the global COVID-19 pandemic, as sales of durable goods jumped amid worker shortages and transportation hub slowdowns. The stop-and-start nature of the pandemic has snarled global supply chains that are optimized for just-in-time movements of goods. The broader goal, he said, is to address long-standing weaknesses in the U.S. "If federal support is needed, I'll direct all appropriate action, and if the private sector doesn’t step up, we’re going to call them out and ask them to act,” the president said in remarks at the White House. 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.
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