Walmart CEO says Biden Administration deserves ‘credit’ for innovative dealing with supply chain issues

 

 

Although there are still some small supply chain constraints, the Biden administration has been tackling them with a great deal of innovation, consultation and urgency. On Monday, Walmart President CEO Doug McMillon gave President Joe Biden and the administration credit for handling the problem. Earlier in November, Biden had posted on Twitter that he had discussed supply chain issues with CEOs of leading U.S. companies such as Walmart, FedEx, Target and UPS.

According to a report in the Washington Examiner, CEO U.S. Walmart John Furner said that he would like to “give the administration credit” for easing the supply chain issues through “innovation.” In an interview with MSNBC host Stephanie Ruthie, on Monday, the CEO also that the ports remaining open 24 hours a day, opening up of some trucking lines and other innovative measures “through the supply chain” had contributed to easing of operations.

Furner also said that the big box retailer had been moving a larger number of containers through the ports and their numbers had significantly increased. In a similar note, at a November 16 press conference, Gene Seroka, who is an executive director of the Port of Los Angeles, said that the amount of cargo that had been sitting on the docks for a period of nine days or more had decreased by 29 percent, since October 24.

Furner also spoke of inflation and said that the major retailer has seen some of it in its pricing. He said that it was in the “single-digit range around the store.” He also mentioned that it was spread somewhat “evenly across categories.”

Furner also said that the big box retailer was strongly staffed to deal with additional sales that are a part of the holiday season. He said that increased wages and slowdown of the Delta variant had helped them to get enough workers.

The Biden administration has also worked hard to implement vaccine rollouts, which have slowed down the pandemic. Although there are still some Americans who are hesitant, the nation is seeing recovery from the COVID-19 pandemic.

 

 




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