US President Joe Biden and 16 other world leaders on Sunday discussed action to make supply chains more resilient in the face of any future health crises, as well as climate change and even planned attacks.
Problems in the supply chain have emerged as the global economy leaves behind a recession induced by the coronavirus pandemic and threatens to slow the recovery. They have already accelerated inflation.
“We have to take action now, together with our partners in the private sector, to reduce the delays that we face. And then we have to prevent this from happening again in the future,” Biden told world leaders in a meeting on the sidelines of the G20 in Rome to address supply chain bottlenecks.
“Now that we have seen how vulnerable these global trade lines can be, we cannot go back to normal. This pandemic will not be the last global health crisis we face. We must also increase our resilience in the face of climate change, natural disasters. and even planned attacks, “he said.
In addition to the United States, leaders and representatives of the European Union, Australia, Great Britain, Canada, the Democratic Republic of the Congo, Germany, Indonesia, India, Italy, Japan, Mexico, the Netherlands, the Republic of Korea, Singapore and Spain.
A written White House summary of the talks claimed that the countries expressed their willingness to work together to make supply chains more resilient. He said that they had agreed to work for greater transparency and information exchange between countries and on the need to have multiple reliable suppliers of raw materials, intermediate and finished products.
“Openness and communication can promote a rapid response to supply chain disruptions, such as those facing the world right now, and allow other actors within a supply chain to take mitigation measures,” according to the summary. of the White House.
“We must avoid any unnecessary trade restrictions and maintain the free flow of goods and services,” he said.