Biden to Meet With CEOs of Walmart, CVS on Holiday Supply-Chain Issues
(Bloomberg) — President Joe Biden plans to meet Monday with the CEOs of Walmart Inc, CVS Health Corp and other retailers as part of his efforts to tackle supply chain bottlenecks and inflation ahead of Christmas.
The session, which coincides with this weekend’s start to the holiday shopping season, will include executives from the grocery, electronics, and pharmacy sectors, and address efforts to make sure shelves are stocked during the busy holiday shopping season, according to a White House official.
The CEOs of Best Buy, Food Lion, Samsung North America, Qurate Retail Group, Todos Supermarket, Etsy, Mattel and Kroger are scheduled to attend in person, while Walmart CEO Doug McMillon and CVS CEO Karen Lynch are among those planning to attend remotely, the official said.
Following the meeting, Biden is scheduled to deliver remarks on White House efforts to curb supply chain disruptions and lower the cost of goods, according to a White House statement.
With his approval ratings flagging, the White House has been trying to show both empathy and action on Biden’s part with regard to inflation and its impact on American pocketbooks as the U.S. enters its holiday season.
The U.S. consumer price index, a broad survey of inflation, increased 6.2% last month from October 2020, the fastest annual pace since 1990. While many economists believe the abnormal inflation is due to unprecedented consumer demand following the pandemic shutdowns, Republicans have blamed Biden and his economic policies.
Read more: How Supply Chains Broke, Sparking Global Shortages
More stories like this are available on bloomberg.com
©2021 Bloomberg L.P.
More Stories Like This:
One Ship, a Worldwide Crisis: How Can Supply Chains Get Unstuck?
How America’s Crumbling Roadways Impact Coast-to-Coast Supply Chains
Latest
Adapting the SLR Magic of Anamorphic Filmmaking to the Panasonic Lumix Ecosystem Creates Endless Filmmaking Possibilities
The Panasonic Lumix System revolutionized independent filmmaking through the convergence of a handheld DSLR style body, larger than video camera sensors for a narrow depth of field, and the versatility and utility of interchangeable lenses. By being mirrorless and with the use of adapters, a broad gamut of vintage and modern lenses became available for […]
AV is Bridging the Gap Between the Real World and the Metaverse at Industry Conferences
How is AV helping bridge the gap between the real world and the metaverse? Some of the best examples can be seen in the midst of large-scale trade shows and industry events. For example, ETHDenver, an annual blockchain conference held in Denver, Colorado, hosts more than 20,000 technologists every year to innovate and develop […]
Why Authentic Content Should Be at the Forefront of Your Company’s Marketing Strategy
Media today is the most powerful it’s ever been, and with the introduction of new channels to consume it daily, the consumer can become easily overwhelmed with a plethora of choices. How does your channel stand out? Authentic media might be the clickbait. With the likes of TikTok, YouTube, and streaming services like Spotify, […]