Yes, Supply Chain Bottlenecks Are Improving
Thanks to President Biden’s leadership, supply chain bottlenecks across the country are easing and American ports are operating at record pace. President Biden’s Bipartisan Infrastructure Law is providing the resources we need to modernize and strengthen supply chains across the country and ultimately lower costs for families.
Following a successful holiday season where the vast majority of packages arrived on time, supply chain issues are continuing to ease.
CNBC: “The global supply chain pressures blamed for disrupting the flow of goods and sparking high inflation may have finally peaked, according to a new gauge from the New York Federal Reserve.”
Citigroup economist Andrew Hollenhorst: “The supply-chain pressures leading to longer delivery times and rising prices may be easing.”
Barron’s: “General Motors said at the Credit Suisse Industrial Conference in early December that the supply shortage has ‘stabilized’ and that it should improve during the course of the year.”
President Biden’s Bipartisan Infrastructure Law is helping to modernize our nation’s supply chains and will ensure our ports, rails systems, and roads remain strong for generations to come.
Associated Press: “Transportation Secretary Pete Buttigieg is awarding more than $241 million in grants to bolster U.S ports, part of the Biden administration’s near-term plan to address America’s clogged supply chain with infrastructure improvements to speed the flow of goods.”
Savannah Morning News: “The $1.2 trillion infrastructure bill will funnel billions into improvements for ports, roadways, railroads and airports to improve travel and supply chain congestion.”
Los Angeles Times: “The administration officials referenced President Biden’s recently passed infrastructure bill, which included a pilot program to lower the minimum age for interstate truck drivers to 18 from 21 to help the industry target young people fresh out of high school. The bill also includes funding for compensation studies to understand the hours truck drivers work and hours spent unpaid while waiting to load and unload cargo.”
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