Cyber ​​Monday sales reached $11.3 billion, is the supply chain crisis easing?

According to foreign media reports , on November 29th local time in Washington , the CEO of Walmart welcomed the Biden administration's efforts to ease supply chain bottlenecks during the holidays, and pointed out that the decision to extend port hours had a positive impact on the flow of goods.

And told President Joe Biden "we're seeing progress , port and transit delays are improving " during a White House discussion with CEOs on supply chain issues .

“Thanks to all the efforts of the government in terms of working overnight, and because of the teams working hard to reroute to other ports, extend our lead times and develop other creative solutions, we have seen an increase in throughput over the last four weeks. In terms of moving containers through the ports, it’s about 26% of the country , ” he said .

And Walmart noted a 51% increase in traffic through the Southern California port , which is a big help for key holiday categories like toys.

Biden, who is battling U.S. inflation that recently hit a 31-year high, has taken steps to try to break supply chain logjams, including unblocking ports and extending work hours for truck drivers.

The Democratic president also seeks an investigation into excessive shipping costs and possible illegal practices in oil and gas markets that have kept fuel prices high.

Biden was scheduled to comment on supply chains, the economy and efforts to fight inflation after the meeting, but the White House unexpectedly postponed the speech until Wednesday, less than an hour before it was scheduled to begin.

A White House official explained that the president "wanted to make sure he spent ample time with the business leaders who were coming to the White House today," noting that the media would be able to attend the start of the summit.

The meeting came as the year-end shopping season got underway , with Black Friday retail sales up 29.8% from 2020 as of 3 p.m. that day, according to Mastercard SpendingPulse data.

Bargain hunters who ventured out to buy Christmas gifts the day after the U.S. Thanksgiving holiday found stores less crowded due to an online shift, COVID concerns and smaller discounts.

U.S. retailers’ online sales on Cyber ​​Monday were estimated at $11.3 billion, down from a year ago, and sales are expected to decline as global supply chain disruptions led to fewer discounts and limited consumer choices .

US network sales reached 113

100 million US dollars

U.S. supply chain crisis eases