WASHINGTON - The White House said Wednesday it has helped broker an agreement for the Port of Los Angeles to become a 24-hour, seven-days-a-week operation, part of an effort to relieve supply chain bottlenecks and move stranded container ships that are driving prices higher for U.S.
consumers.President Joe Biden planned to discuss the agreement during a speech Wednesday afternoon about supply chain issues that have hampered the economic recovery from the coronavirus pandemic.
The supply chain problem is tightly linked with the broader challenge of inflation confronting Biden.Ports in Los Angeles and Long Beach, California, account for 40% of all shipping containers entering the U.S.