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World leaders seek ways to strengthen global supply chains

Published 10/31/2021, 12:57 PM
Updated 10/31/2021, 10:20 PM
© Reuters. U.S. President Joe Biden adjusts his face mask as he and European Commission's President Ursula von der Leyen (not pictured) make a joint statement to speak about steel and aluminium tariffs, on the sidelines of the G20 leaders' summit in Rome, Italy Octo

(Corrects to fix typo in headline)

By Jeff Mason and Jan Strupczewski

ROME (Reuters) -U.S. President Joe Biden and 16 other world leaders on Sunday discussed action to make supply chains more resilient in the face of any future health crises, as well as climate change and even planned attacks.

Supply chain problems have emerged as the global economy has pulled out of a pandemic-induced recession and threaten to slow recovery. They have already stoked inflation.

"We have to take action now, together with our partners in the private sector, to reduce the backlogs that we’re facing. And then, we have to prevent this from happening again in the future," Biden told world leaders at a meeting to address supply chain bottlenecks on the sidelines of the G20 in Rome.

"Now that we have seen how vulnerable these lines of global commerce can be, we cannot go back to business as usual. This pandemic won’t be the last global health crisis we face. We also need to increase our resilience in the face of climate change, natural disasters, and even planned attacks," he said.

Apart from the United States, leaders and representatives from the European Union, Australia, Britain Canada, Democratic Republic of Congo, Germany, Indonesia, India, Italy, Japan, Mexico, the Netherlands, Republic of Korea, Singapore and Spain took part in the meeting.

A written White House summary of the talks said countries expressed willingness to work together to make supply chains more resilient. It said they had agreed to work for more transparency and information-sharing between countries and on the need to have multiple reliable suppliers of raw materials, intermediate and finished goods.

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"Openness and communication can promote a swift response to disruptions to supply chains - like those that the globe is facing right now - and allow other players within a supply chain to take mitigating steps," the White House summary said.

"We should avoid any unnecessary trade restrictions and maintain free flow of goods and services," it said.

The leaders emphasized also the need for security, especially in technology supply chains, and for fair and sustainable labour conditions and said they would work with the private sector to reach these goals.

Latest comments

Left media talks about supply chain problems. How about stopping printing and spending empty trillions?
only ... mysterious "supply supply chain" coming from nowhere.
They disrupt the supply chains and now they want to fix them!
Biden called pope a "greatest baseball player". And this article call him a leader!? Really?!
Brandon putting on that muzzle and staying in the basement wiping his bu.tt is certainly a good start to helping with supply chain issues.
I think we should just go back to paying people company money living in company houses shopping at company stores who needs real money anyway like you have any to begin with lol
world leaders seek ways to strengthen their pockets 🤣🤣
help by imposing mandates that create labor shortages- right
The gov create the problem. Trucks line up ouside Long Beach ports. Drivers cant returns empty containers. Ship cant leave without their containers. Plus cant get in LA ports if they r not union drivers
What if creating the bottleneck in US ports is a way to damage Chinese manufacturing and indirectly usher the continued decoupling from the communist regime? No need for tariffs or trade disputes.. So sorry for the lack of labor at our ports.. haha
Everything is a CoNsPiRaCy
 You’re probably right about it being the result of complete incompetence by “Mayor Pete” and the pants pooping president. Thanks for clearing that up there ‘lil Benji..
Biden is not wearing the mask because of COVID, it is so he does not have to smell his own poopy pants.
How about letting people work without vaccine mandates in the way...
Eye witness accounts show there is nothing wrong except for the fact these drivers are being instructed to let it sit. Tell us more lies Joe! LETS GO BRANDON!
well you're half right but thinking Joe is calling the shots is kind of hilarious
Blocking the supply chains further would actually help saving the planet LOL
The bottleneck is in the US. How can other countries help? Look at the ports, hundreds of ships, millions of containers are waiting to be cleared.
supply chains?? what about climate change??
Yeah. Sure! This planned inflation to deplete the middle class and poverty ridden families of even more capital will not be stopped. Once again the hollow puppet is rising up like a snake in a den. Meanwhile him and the other elites are laughing at the amount of zeroes added to their personal portfolios on a daily basis. What a corrupt system! Very disheartening.
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