Biden summons top CEOs on supply chain as holiday shopping ramps up




  • In Politics
  • 2021-11-29 10:39:28Z
  • By Axios
 

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.

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In-person participants for Biden's roundtable are scheduled to include the CEOs of Best Buy, Food Lion, Samsung North America, Qurate Retail Group, Todos Supermarket, Etsy, Mattel and Kroger.

  • Virtual participants are scheduled to include Walmart CEO Doug McMillon and CVS Health CEO Karen Lynch.

Afterward, Biden will speak on-camera about administration efforts to strengthen supply chains, lower costs for families, and ensure that shelves are stocked.

???? Also Monday, Commerce Secretary Gina Raimondo will speak in-person to the Detroit Economic Club. She'll urge the House to pass the CHIPS Act, with funding for domestic semiconductor manufacturing.

  • Raimondo will say: "China, Taiwan, the EU, and so many others are all moving forward, while the United States is playing catch-up."

Raimondo will also join a semiconductor roundtable hosted by Rep. Debbie Dingell (D-Mich.) and the UAW.

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