US President Joe Biden, struggling with global supply difficulties that are driving up prices, announced new measures to ease bottlenecks and held a Summit on these difficulties with his G20 peers gathered in Rome on Sunday.
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The president held "
a summit on global supply chain resilience with the European Union and 14 other like-minded countries
," the White House said in a statement. It is about "
promoting greater international cooperation on short-term supply chain difficulties and considering strengthening and diversifying this ecosystem in the long term, ranging from raw materials to finished products to logistics and distribution,
”said the US administration.
Surrounded by other world leaders participating in the G20, including the Indian Prime Minister, the President of South Korea and the Australian Prime Minister, Joe Biden underlined, in Rome to reporters, the paramount importance of good supply conditions for "
Most citizens
".
"
During this pandemic, we have seen delays and backlogs of deliveries of automobiles or electronics,
" he recalled.
Additional funding for technical assistance in Mexico
The US administration is rubbing shoulders with these global supply difficulties which, since the resumption of activity, are pushing up prices and fueling fears of longer-than-expected inflation that annoys the Americans.
"
We are here to talk about measures to be taken to reduce the delays we face,
" added the President.
On a concrete level, he announced additional funding for technical assistance to Mexico and partners in Central America to resolve logistical bottlenecks.
A decree must be signed to shorten the supply chain for military equipment "
to react more quickly to shortcomings,
" said Joe Biden.
An international summit will be held next year bringing together private companies, labor organizations, institutions under the aegis of the US Department of State and Commerce to move forward on these issues of supply chain restoration.
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“
We cannot resume our activities as usual, having seen how the epidemic disrupted the supply chain.
Coordination is key.
We have to work together,
”insisted Joe Biden.
Recently, US Transportation Minister Pete Buttigieg warned that current supply problems would continue "
next year
", and pleaded for a long-term solution.
