"President Joe Biden spoke with the chief executive officers of Walmart Inc., United Parcel Service Inc., FedEx Corp. and Target Corp. on Tuesday to discuss easing supply chain bottlenecks, according to a White House official.
"Biden and the executives - Walmart’s Doug McMillon, UPS’s Carol B. Tome, Fred Smith of FedEx and Target’s Brian Cornell - talked about potential moves to speed up deliveries and lower prices, the official said, without elaborating.
"The executives told the president that store shelves will be well stocked for the holiday season, the official said. Biden has been under pressure to clear supply-chain logjams and ease inflationary pressures as consumers begin their holiday shopping."
The story notes that "the US supply chain has strained under record-breaking demand due to growing e-commerce and a shift to material goods as Americans avoided travel and social outings during the pandemic.
"Biden’s moves have included brokering agreements to shift to round-the-clock operations at the ports of Los Angeles and Long Beach and pledges from retailers to expand their own shipping."
- KC's View:
The problem is that while Walmart, Target, UPS and FedEX have the wherewithal to devote resources to getting products on the shelves, I'm not sure that this will translate to an up-and-down-the-supply-chain solution that will make things better for small retailers and suppliers. They're likely to continue to have problems getting products, and for at least some of them, this will create all-new issues that will build on the problems suffered during the pandemic.