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Odd Lots

The White House’s Envoy on What They’re Doing To Fix the Ports

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.41.6K Ratings

🗓️ 25 November 2021

⏱️ 34 minutes

🧾️ Download transcript

Summary

Most of the big retailers have assured their customers that shelves will be stocked for the holidays this year. Nonetheless, there has been a lot of anxiety about shortages and supply chain disruptions all year. On this episode of Odd Lots, we speak with John Porcari, Port Envoy to the White House Supply Chain Disruptions Task Force. He's been coordinating the efforts to get the containers moving again. He explains what's been accomplished so far, and what more needs to be done.

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Transcript

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0:00.0

Hello and welcome to another episode of the AdLots podcast, I'm Jill Weisenthal.

0:17.0

And I'm Tracy Alloway.

0:19.4

Tracy by this point I think any AdLots listener, really anyone in the world, is totally familiar

0:25.8

with the supply chain disruptions in the bottlenecks, particularly at the ports and particularly

0:31.0

at the port of Los Angeles?

0:33.0

Wait, there's supply chain disruptions.

0:35.1

Have you not heard about that?

0:36.6

I haven't.

0:37.6

I haven't spent hours of my life this year talking about supply chain disruptions.

0:41.9

Um, no, you're absolutely correct.

0:44.1

There are all sorts of superlatives that you could throw around, but we know that there

0:47.4

are dozens and dozens of ships, for instance, waiting off the coast of the port of LA trying

0:52.2

to dock.

0:53.2

But this has become a big, big issue for the Biden administration as well.

0:59.1

Yeah, exactly.

1:00.1

I mean, obviously bottlenecks perhaps contribute to inflation.

1:04.7

It creates anxiety around the holidays because people worry about gifts getting shipped.

1:09.4

And of course, you know, it's not great for the economy overall.

1:12.2

So we have a very special guest today and I want to jump right into our episode to discuss

1:18.2

it.

1:19.2

Thank you to John Percari.

1:20.7

He's a former deputy secretary of transportation during the Obama administration and he has

...

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