Walmart CEO says Biden supply chain push is easing bottlenecks [Financial Post (Toronto, Ontario, Canada)]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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Source: Financial Post
chain bottlenecks as the holiday season gets underway, noting the decision to extend port hours was having a positive impact on the flow of goods. “We are seeing progress. The port and transit delays are improving,” McMillon told President Joe Biden during a White House meeting with CEOs to discuss supply chain issues. Post-Black Friday: These deals are live all weekend in Canada Advertisement “Because of what you all did to help with overnight hours, and because of the team's work to reroute to other ports, to extend our lead times, and have other creative solutions, we have seen an increase in throughput over the last four weeks of about 26% nationally in terms of getting containers through ports,” he said, joining the meeting virtually. Advertisement Article content McMillon added that Walmart had noticed a 51% improvement in flow through Southern California ports, a big help for key holiday categories like toys. Biden, who is wrestling with U.S. inflation that rece
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