Washington(NewsNation Now) — The Biden administration is mediating new transactions to ease stressed supply chains, ease shipping delinquency, and move left-behind container ships that are pushing up consumer prices on the U.S. coast. increase.
NS The White House is on Wednesday morning at the Port of Los Angeles It will be open 24 hours a day, 7 days a week to reduce backlog.
Ports in Los Angeles and Long Beach, California, account for 40% of all shipping containers entering the United States, according to the Southern California Marine Exchange. As of Monday, 62 vessels were moored at the two ports, 81 waiting for docking and unloading. ..
President Joe Biden was scheduled to discuss the agreement in a speech Wednesday afternoon. Supply chain issues Has hindered the economic recovery from Coronavirus pandemic..
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Commitments by Los Angeles Harbor operators, port workers, and some of the country’s largest retail and shipping companies are expected to help mitigate the backlog. Walmart, FedEx and UPS have promised to unload during off-peak hours, with LA ports operating non-stop, making it easier to reduce backlog. Long Beach Port has been operating 24 hours a day, 7 days a day for the past 3 weeks.
In a coronavirus pandemic economy, shortages and rising prices are hitting everything from sawmills to computer chips to toilet paper.
Republicans have blown up Biden’s $ 1.9 Trillion Coronavirus Relief PackageTo supply fuel to higher prices, which passed in March. According to a recent analysis released by investment bank Goldman Sachs, 80% of this year’s inflation overshoot is estimated to be “supply-constrained commodities,” but home and oil prices add to inflationary pressure. As a result, political criticism continues.
Senator Republican Mitch McConnell has made inflation one of his central criticisms of Biden. This shows that controlling prices may be essential for Democrats to retain parliamentary seats in next year’s elections.
“Democratic inflation is so terrible that the average American worker got a few percent salary increase last year, but their actual purchasing power was cut,” McConnell said in a Senate floor speech last week. .. “Even discount stores have to raise prices. Ask an American family about their last few trips to supermarkets, gas stations and toy stores. They have always been in the housing market and cars these days. Heaven is forbidden if you have to enter the market. “
The Biden administration claims that the rise in inflation is temporary. Still, supply chain problems continue months after the economy resumes and begins to recover after vaccines have reduced much of the risk of a pandemic.
It is offered as United States Postal Service, FedEx, UPS Recommended shipping date released Make sure your gifts and cards arrive in time for your vacation. Retailers recommend that consumers shop early or risk not finding what they want for Christmas this Saturday.
Due to supply chain issues, the Port of Los Angeles needs to ease the backlog of shipments 24 hours a day, 7 days a week.
Source link Due to supply chain issues, the Port of Los Angeles needs to ease the backlog of shipments 24 hours a day, 7 days a week.
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