US President Joe Biden with his teammates in Rome during the G20 summit announced new measures to address supply chain bottlenecks caused by global difficulties.
The White House said in a statement that the president held a meeting to discuss “the global supply chain with the European Union and 14 other countries with similar interests.”
Its aim was to “promote greater international cooperation on short-term supply chain challenges and to consider the strengthening and diversification of this ecosystem in the long run, from raw materials to finished products, including logistics and distribution”. Government said.
Surrounded by other world leaders present at the G20, including the Indian prime minister, the president of South Korea and the prime minister of Australia, Biden told reporters in Rome that good supply conditions were important for “most citizens”.
The US government is facing global supply difficulties, with prices rising since the resumption of activity and fears of higher-than-expected inflation.
In particular, they announced additional funding for technical assistance to partners in Mexico and Central America to address logistical bottlenecks.
Biden said an executive order would also be signed to shorten the supply chain for military equipment and “respond more quickly to shortages.”
In addition, an international summit will be held next year with private companies, organizations and labor institutions, in the eyes of the United States, to promote supply chain restoration.
Muhammad Wayne is a contributor at Sproutwired.com, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on delivering clear, balanced reporting and useful information that helps readers stay informed about current affairs and emerging developments. His work aims to present relevant stories in an accessible and engaging way, with an emphasis on accuracy, context, and issues that matter to everyday readers.
