Biden to meet with CEOs on supply chain amid new COVID threat By Reuters – Investing.com

Biden to meet with CEOs on supply chain amid new COVID threat By Reuters – Investing.com

WASHINGTON (Reuters) - President Joe Biden planned to meet with chief executives of a variety of companies on Monday to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of COVID-19 and the Omicron variant.

Biden, who is wrestling with U.S. inflation that recently hit a 31-year high, has taken measures to break supply chain logjams including unclogging ports and expanding trucker hours.

The Democratic president has also sought investigations into excessive shipping fees and possible illegal conduct into oil and gas markets that are keeping fuel prices high.