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Biden to Convene Supply Chain Task Force on Recent Progress
Posted
December 22, 2021
Views
226
Likes
5
Comments
3
Engagement
3.54%
December 22, 2021
226
5
3
3.54%
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0:47Now PlayingPresident Joe Biden will meet with his Supply Chain Disruptions Task Force and private sector CEOs to receive another progress update on getting goods moving, keeping shelves stocked, and lowering prices for Americans on Wednesday, December 22.
Most experts brave enough to predict that global supply chains would repair themselves in 2021 would’ve been humbled by how badly such forecasts panned out.
The year that saw Covid vaccinations appear and lockdowns lifted was also marked by some of the most disruptive economic events of the nearly two-year-old pandemic.
From the Ever Given’s beaching in the Suez Canal to Vietnamese factory shutdowns, wave after wave of shocks kept cargo capacity tight and freight rates high while companies panicked about running out kept ordering parts and merchandise.
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