At Rome summit, Joe Biden seeks solutions to supply chain problems

ROME: US President Joe Biden summons world leaders to the Group of 20 summit on Sunday to discuss ways to alleviate supply chain bottlenecks hampering the global economy as it recovers from the pandemic of coronavirus.
Despite having spent $ 15 trillion to fight the fallout from Covid-19, many of the world’s largest economies are suffering massive shortages as ships wait to dock, shipping container prices soar, there are not enough trucks to transport goods from the ports, and virus outbreaks are halting factory production.
Supply chain issues emerged as an economic and political pain point for Biden, as the delays contributed to inflation and potentially put the brakes on holiday shopping. Republican lawmakers have cited the threat of inflation and supply chain challenges in criticizing Biden’s economic leadership.
At Sunday’s meeting, the president plans to discuss at the G-20 how each country can identify and resolve bottlenecks, said a senior administration official who requested anonymity to discuss the issues. plans. The goal is to help relieve pressure and stimulate growth.
There is also the broader goal of greater coordination between countries so that supply chains are more resilient. This means increased transparency on shipping issues, so that possible issues can be identified and addressed. After factories shutdown by the pandemic, Biden plans to discuss how countries can identify strategies to ensure that production of critical goods like computer chips is not taken offline for an extended period.
The president planned to make announcements on U.S. plans to store critical minerals and metals, as well as detail U.S. resources that will be available to end blockages at major ports around the world, the senior official said. administration.
Biden will also meet with Turkish President Recep Tayyip Erdogan on Sunday morning. Biden ends his stay in Rome on Sunday and travels to Glasgow, Scotland on Monday for a United Nations climate conference.
The president will end the day by holding a press conference, during which his national agenda could receive as much attention as his foreign policy efforts. House Democrats hope to vote Tuesday on its $ 1.75 trillion spending plan for families, health care and the environment as well as its $ 1 trillion infrastructure plan that has already cleared the Senate.
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