With G20 leaders, Biden unveils measures to alleviate global supply chain problems

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US President Joe Biden, facing growing complaints at home over supply chain issues that have slowed economic recovery and pushed up prices, announced new measures to facilitate global safeguards on Sunday after meeting with his counterparts of the G20 in Rome.

A White House statement said a summit meeting in Rome on “supply chain resilience” included Biden, the European Union and leaders of 14 other countries including India, Australia and South Korea.

In a briefing Sunday, Biden said executives would work “to make sure we have access to all the products we need, from shoes and furniture to electronics and automobiles… or disasters.”

With manufacturers, retail and “most of our citizens” severely affected, Biden said earlier, “We cannot go back to business as usual.”

The sourcing summit, the White House said, aimed to “foster greater international cooperation on short-term supply chain disruptions and chart a course to strengthen and diversify the entire ecosystem. of the long-term supply chain – from raw materials… to shipping, logistics, warehousing and distribution. “

Supply chain problems and labor shortages have held back an already uneven economic recovery, pushing up prices and raising concerns among economists, politicians and ordinary Americans of a prolonged period of price hikes.

US Transportation Secretary Pete Buttigieg said supply issues will likely continue into the next year.

Biden said leaders in Rome discussed a range of actions to alleviate congestion, cut red tape and “reduce the backlog we face.”

Among the concrete measures planned by the United States, the White House said, would be to provide further financial assistance to Mexico and Central American countries to solve logistical problems, as well as to countries in Southeast Asia. Is to help them streamline customs procedures.

The statement said Biden will issue an executive order to streamline the supply chain affecting important military materiel.

An international summit not yet scheduled for next year will bring together private companies, labor organizations and government agencies to explore other solutions, the White House said.

“Coordination is the key,” Biden said. “We have to work together.”

(AFP)


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