Thanks to President Biden, Supply Chain Bottlenecks are Easing

The good economic news just keeps rolling in. President Biden’s agenda is working for the American people and our businesses. Just in time for the holidays, we are seeing supply chain bottlenecks ease thanks to his leadership and willingness to tackle these issues head on. 

Marketplace: “What supply chain crisis?” say Target, Walmart and Home Depot

“Walmart, Target and Home Depot told investors they have more than adequate inventory to weather the holidays.”

“You know those local news reports you see every Black Friday of shoppers engaged in hand-to-hand combat over that last power saw at Home Depot? You can’t blame that on broken supply chains this year.”

Bloomberg: The U.S. Supply-Chain Crisis Is Already Easing

“Evidence keeps piling up to suggest that the U.S. is slowly but surely making progress in easing freight congestion and supply shortages.”

“U.S. manufacturing output rose in October to the highest level since March 2019, Federal Reserve data showed this week.”

“For the supply-chain crunch to get better, it first needed to stop getting worse. That at least appears to have happened.”

Wall Street Journal: Supply-Chain Problems Show Signs of Easing

“An easing of supply-chain choke points would allow production to move toward meeting strong demand and would lower logistics costs. If sustained, that, in turn, would help alleviate the upward pressure on inflation.”

“Shipping and retail executives say they expect the U.S. port backlogs to clear in early 2022, after the holiday shopping season and when Lunar New Year shuts many factories for a week in February, slowing output.”