Report: President Joe Biden’s Executive Order Won’t Help Supply Chain Crisis

Report: President Joe Biden’s Executive Order Won’t Help Supply Chain Crisis


President Joe Biden signed an executive order earlier this month designed to increase competition in the U.S. economy as a way to help resolve the supply chain crisis that is taking place in the post coronavirus pandemic era. But critics say that the free market, not regulations, will help resolve the kink in the supply chain.

The maritime and offshore news website gCaptain reported on reactions to the EO:

The World Shipping Council (WSC) is coming to the defense of ocean liners after President Biden issued an executive order addressing anti-competitive behavior in shipping and other industries, suggesting it is the unprecedented demand for imports that has thrown supply chains into disarray rather than any fault of the liners.

The United States has faced unprecedented cargo congestion since the second half of last year when the U.S. and global economy began emerging from COVID-19 shut-downs.

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