Supply chain crisis linked to ‘whole host’ of Biden policy decisions: Former transportation secretary Kristen Altus - Yesterday
Former U.S. Labor Secretary under George W. Bush and Transportation Secretary under Donald Trump Elaine Chao explained how she would fix the ongoing supply chain crisis, arguing that it starts by getting inflation under control on "Varney & Co." Wednesday.Unmute"The supply chain issue is linked to a whole host of policy decisions that have been made by this administration," Chao told FOX Business’ Stuart Varney. "It's an issue about inflation."
Inflation hitting a new 40-year high in March coupled with the possibility of more shipping delays due to China’s latest COVID-19 lockdowns puts pressure on President Biden to find a solution sooner rather than later.
"This is putting increasing demand at precisely the time when the supply chain is actually quite still fragile and vulnerable," Chao said.
Uncetainty surrounding further supply chain delays forces consumers and companies to order more products now before they run out, according to the former Transportation Secretary.
© Jon Cherry/Getty Images for ConcordiaElaine Chao, 18th U.S. Secretary of Transportation; 24th U.S. Secretary of Labor. Getty Images
"The're not quite sure if they're going to get what they need within the time-space that they need," Chao explained, "so they order more, and that increases, again, the pressure on the supply chain."
As an expert in the labor sector, Chao praised the "unsung heroes" who have worked in the supply chain during this time.
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