First look: Biden summons top CEOs on supply chain

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According to the White House, President Biden will be meeting with CEOs of large retailers, grocers and consumer-product firms on Monday afternoon to send the message: Products will be on shelves. For holiday shopping.

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zoom out: Black Friday sales have resumed from 2020.

individual participant The CEOs of Best Buy, Food Lion, Samsung North America, Curate Retail Group, Todos Supermarkets, Etsy, Mattel and Kroger are set to attend Biden’s roundtable.

  • virtual participant These include Walmart CEO Doug McMillan and CVS Health CEO Karen Lynch.
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Later, Biden will speak on-camera about the administration’s efforts to strengthen the supply chain, lower costs for families, and ensure that shelves are stocked.

Also Monday, Commerce Secretary Gina Raimondo will speak personally to the Detroit Economic Club. She will urge the House to pass the Chips Act along with funding for domestic semiconductor manufacturing.

  • Raimondo would say: “China, Taiwan, the European Union and many others are all leading the way, while the United States is playing catch-up.”
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Raimondo will also join A Semiconductor Roundtable hosted by Representative Debbie Dingell (D-Mich.) and UAV.

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