MSN - AP World http://syn2.thecanadianpress.com:8080/mrss/feed/fcf7391a2f354311807f0501c16bde6a MSN - AP World Copyright © 2010-2018 The Canadian Press. All rights reserved. http://www.rssboard.org/rss-specification Mon, 24 Jan 2022 23:15:59 +0000 Biden announces plan to ease supply chain jams http://syn2.thecanadianpress.com:8080/mrss/feed/fcf7391a2f354311807f0501c16bde6a/b07caad9525d410eba0c05c6d940fb15 President Joe Biden announced Wednesday the Port of Los Angeles will become a 24/7 operation, in hopes of ending the logjam of ships waiting to unload. The move is part of his effort to reassure America he can tame high inflation. (Oct. 13) b07caad9525d410eba0c05c6d940fb15 Wed, 13 Oct 2021 22:15:09 +0000 SHOTLIST:RESTRICTION SUMMARY: PART KABC, NO RE-SALE, RE-USE OR ARCHIVE; MUST CREDIT ABC7 LOS ANGELES; NO ACCESS LOS ANGELES; NO USE BY US BROADCAST NETWORKS; PART KTLA, NO RE-SALE, RE-USE OR ARCHIVE; MUST CREDIT KTLA; NO ACCESS LOS ANGELES; NO USE BY US BROADCAST NETWORKS US NETWORK POOLWashington, DC - 13 October 20211. U.S. President Joe Biden walks into White House East Room2. SOUNDBITE (English) Joe Biden, U.S. President:"Today we have some good news. We're going to help speed up the delivery of goods all across America. After weeks of negotiation and working with my team and with the major union retailers and freight movers, the ports of Los Angeles, the Port of Los Angeles announced today that it's going to begin operating 24 hours a day, seven days a week. This follows the Port of Long Beach's commitment to 24-7 that it announced just weeks ago."KABC - NO RE-SALE, RE-USE OR ARCHIVE; MUST CREDIT ABC7 LOS ANGELES; NO ACCESS LOS ANGELES; NO USE BY US BROADCAST NETWORKSLos Angeles - 13 October 20213. Various aerial views of container ship and cargo containers stacked up in port area, trucks carrying cargo containers through port areaKTLA - NO RE-SALE, RE-USE OR ARCHIVE; MUST CREDIT KTLA; NO ACCESS LOS ANGELES; NO USE BY US BROADCAST NETWORKSOffshore Port of Los Angeles - 5 October 20214. Aerial view of cargo ships waiting offshore near Los Angeles area portsUS NETWORK POOLWashington, DC - 13 October 20215. SOUNDBITE (English) Joe Biden, U.S. President:"By staying open seven days a week through the night and on the weekends, the Port of Los Angeles will open over 60 extra hours a week will be open. In total, there will almost double the number of hours that the port is open for business from earlier this year. This is a big first step in speeding up the movement of materials and goods through our supply chain. But now we need the rest of the private sector chain to step up as well. This is not called a supply chain for nothing."ASSOCIATED PRESSBentonville, Arkansas - 24 November 20166. STILL photo of shoppers outside of WalmartUS NETWORK POOLWashington, DC - 13 October 20217. SOUNDBITE (English) Joe Biden, U.S. President:"Today, Wal-Mart, our nation's largest retailer, is committing to go all in on moving this product, its products 24-7 from the ports for their stores nationwide. Additionally, FedEx and UPS, two of our nation's biggest freight movers, are committing today to significantly increase the amount of goods they're moving at night. And other companies are stepping up as well. They include Target, Home Depot and Samsung that have all committed to ramp up their activities that utilize off peak hours at the ports."ASSOCIATED PRESSLos Angeles - 1 October 20218. STILL photo of Port of Los Angeles, covered by logos of Fed Ex and UPSUS NETWORK POOLWashington, DC - 13 October 2021SOUNDBITE (English) Joe Biden, U.S. President:"The rest of the world is closing in and we risk losing our edge if we don't step up. In order to be globally competitive, we need to improve our capacity to make things here in America while also moving finished products across the country and around the world. We need to think big and bold."++ENDS ON SOUNDBITE++STORYLINE:U.S. President Joe Biden said Wednesday his administration has helped broker an agreement for the Port of Los Angeles to become a 24-hour, seven-days-a-week operation, part of an effort to relieve supply chain bottlenecks and move stranded container ships that are driving prices higher for U.S. consumers.The supply chain problem is tightly linked with the broader challenge of inflation confronting Biden, as higher prices are creating both economic and political risks. Ports in Los Angeles and Long Beach, California, account for 40% of all shipping containers entering the United States. As of Monday, there were 62 ships berthed at the two ports and 81 waiting to dock and unload, according to the Marine Exchange of Southern California. Biden called the commitment to become a 24/7 operation "a big first step in speeding up the movement of materials and goods through our supply chain."But he said the "rest of the private sector chain" now needs to step up, as well, to help goods move faster.Biden said some companies, such as Walmart at UPS, are already pledging to help relieve the supply chain issues. And he called on others to do the same."Our goal is not only to get through this immediate bottleneck, but to address the long standing weaknesses in our transportation supply chain that this pandemic has exposed," Biden said.A recent analysis issued by the investment bank Goldman Sachs estimates that “supply-constrained goods” account for 80% of this year’s inflation overshoot.===========================================================Clients are reminded: (i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: info@aparchive.com(ii) they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service (iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory. President Joe Biden announced Wednesday the Port of Los Angeles will become a 24/7 operation, in hopes of ending the logjam of ships waiting to unload. The move is part of his effort to reassure America he can tame high inflation. (Oct. 13) Biden announces plan to ease supply chain jams