(*_ President Joe Biden gave a positive assessment of supply-chain concerns with only days before Christmas. He stated that gifts are being delivered and that store shelves are stocked.
The much-predicted crises didn’t happen,” Biden stated as he addressed a meeting of his supply-chain task force. He said that “packages are moving” and praised his administration’s actions, which he claimed were taken amid warnings of a “crisis around holidays”.
The White House has taken steps, including pushing ports to speed container handling. Additionally, the president met with retailers such as Walmart WMT,
Read: Biden holds Cyber Monday meeting with retail CEOs to discuss inflation, supply chains
While he touted progress, Biden did not declare supply-chain problems fully resolved — a view echoed by one of the meeting’s participants, FedEx FDX,
Smith said that supply chain problems are still not solved. Smith said that although supply chain issues are not all solved, there is still a lot of work being done.
Both businesses and consumers remain concerned about the future of supply-chain. Nine of 10 retailers anticipate revenue will continue to be impacted by supply-chain issues for at least the next six months, according to a survey conducted by Sapio Research on behalf of Coupa Software Inc. COUP,
See: Supply-chain issues to bedevil retailers through 2022, according to survey
Also read: Is Fido finicky? Pet food gets hit by supply-chain disruptions
Biden’s latest meeting came as he and his administration are grappling with the omicron variant of COVID-19, which is threatening to disrupt stressed supply chains further. The president announced a number of new measures to combat the pandemic on Tuesday. These included free COVID testing.
Now read: “This is a crucial moment,” Biden said, while rolling out free at-home COVID testing
Republicans are eyeing next year’s midterm elections and have criticized Biden and his fellow Democrats for historically high inflation rates and supply-chain problems. On Wednesday, the Democratic National Committee sent out a New York Times article describing why Christmas gifts arrive on time. The DNC also titled its email message “Poof Goes Another Republican Talking Point”