Biden Administration Takes Action to Alleviate Supply Chain Issues at Ports
Going into the holiday season, many Americans voiced concerns that supply chain issues would make it harder to get the gift items they want for loved ones, including toys and electronics. These fears are not unfounded, as some of our nation’s largest ports, including Los Angeles and Long Beach, California, face congestion and delays. In October, the Biden Administration’s Supply Chain Disruptions Task Force moved to open these ports for 24/7 operations.
The Bipartisan Infrastructure Bill, which was passed by the House of Representatives this week but has not yet been signed into law, contributes an additional $17 billion to improving port infrastructure and $25 billion to airports, according to a White House press statement. The improved infrastructure, which includes technology to reduce congestion and emissions, will help remove bottlenecks and expedite commerce, the press release says.
CNN reports that the action plan will:
Increase federal flexibilities for port grants
Accelerate port infrastructure grant awards
Support construction projects for coastal navigation, inland waterways, and ports of entry
Offer expanded port infrastructure grants to be funded through the Bipartisan Instructure Deal
https://news.yahoo.com/finance/news/biden-administration-takes-action-alleviate-194939873.html
