WASHINGTON — On Monday, President Joe Biden will meet with the chief executives of major retailers at White House to discuss efforts by the administration to reduce global supply chain bottlenecks and to reassure Americans about the availability of goods for their holidays.

According to a White House listing, Biden will be joined by Josh Silverman (Etsy CEO) and KS Choi (Samsung CEO), both from the technology sector.

Food Lion CEO Meg Ham, Todos CEO Carlos Castro, and Kroger CEO Rodney McMullen will all represent the supermarket industry.

There will also be Mattel CEO Ynon Kraig, Best Buy CEO Corrie Barry, and David Rawlinson CEO of Qurate Retail Group. This group owns brands such as QVC, Ballard Designs, and Zulily.

According to the White House, Doug McMillon (Walmart CEO) and Karen Lynch (CEO CVS Health), will both be present at the virtual meeting.

Biden will give remarks after the roundtable on Monday about what his administration has done to “strengthen our supply chains, lower daily costs for families and ensure that shelves remain well-stocked this holiday period,” according to the White House.

This event is part of the multi-pronged White House strategy to combat global supply chain bottlenecks, inflation, and other interrelated challenges. These problems both stem from an increase in global post-pandemic goods demand, which collided with a slowing global shipping system due to Covid slowdowns.

While Biden cannot directly impact these macro-level issues, the White House is working tirelessly to change where possible.

The administration announced earlier this month that it would be closing its offices. rolled out a series of steps it is taking to address cargo backlogs at major ports, including $4 billion worth of construction at coastal ports and inland waterways.This work, led by the U.S. Army Corps of Engineers, is slated to begin within 60 days.

To help expand the port’s hours of operation and to reduce the waiting time for cargo to be unloaded at Long Beach and Los Angeles, the administration worked with them closely.

It is possible to lower prices by increasing the availability of products on U.S. stores. Also, lowering gas prices is important as they have risen to an alarming rate this year which contributed greatly to the high price of retail goods.

Biden, two days before Thanksgiving, announced that 50 million barrels would be released from the Strategic Petroleum Reserve by the United State. It is part of an effort worldwide to reduce the high gasoline price.

For many, however, government solutions do not seem to meet the urgent need for price inflation.

The White House will host Monday’s event. Thanksgiving weekend during which AmericansThey paid significantly higher prices for turkeys, potatoes, and pies in the past than in previous years. The U.S. consumer price index increased 6.2% last month from October 2020, with the price of food increasing 5.2% on the year.

Inflation will have a significant impact on the Thanksgiving food cost. There are also concerns in the supply chain about products being out of stock.