First look: Biden summons top CEOs on supply chain
President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.
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In-person participants for Biden's roundtable are scheduled to include the CEOs of Best Buy, Food Lion, Samsung North America, Qurate Retail Group, Todos Supermarket, Etsy, Mattel and Kroger.
- Virtual participants are scheduled to include Walmart CEO Doug McMillon and CVS Health CEO Karen Lynch.
Afterward, Biden will speak on-camera about administration efforts to strengthen supply chains, lower costs for families, and ensure that shelves are stocked.
🔮 Also Monday, Commerce Secretary Gina Raimondo will speak in-person to the Detroit Economic Club. She'll urge the House to pass the CHIPS Act, with funding for domestic semiconductor manufacturing.
- Raimondo will say: "China, Taiwan, the EU, and so many others are all moving forward, while the United States is playing catch-up."
Raimondo will also join a semiconductor roundtable hosted by Rep. Debbie Dingell (D-Mich.) and the UAW.