President Joe Biden planned to meet with chief executives of major retailers and other companies Monday to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Biden, who is wrestling with U.S. inflation that recently hit a 31-year high, has taken measures to try to break supply chain logjams including unclogging ports and expanding trucker hours.
Biden will make public remarks after the meeting, which follows the start of the year-end shopping season. Black Friday retail sales were up 29.8% versus 2020, according to Mastercard SpendingPulse. U.S. retailers are estimated $11.3 billion in Cyber Monday sales, a decline in growth as supply-chain disruptions deter shoppers.
For the full Reuters story, click here.
