WATCH: Biden warns private sector “if the private sector doesn’t step up, we’re going to call them out and ask them to act”

Taking aim at the private Sector, President Biden said today “Strengthening our supply chains will continue to be my team’s focus. If federal support is needed, I will direct all appropriate action. And if the private sector doesn’t step up, we’re going to call them out and ask them to act. Because our goal is not only to get through this immediate bottleneck, but to address the longstanding weaknesses in our transportation supply chain that this pandemic has exposed.”

“I might add, parenthetically: One of the reasons why I think it’s very important that we get the infrastructure plan passed…my infrastructure plan and that’s the supply chain system is almost entirely in the hands of private business,” he continued.

“The world has changed,” Biden added. “Prior to the crisis, we cheered, you know, the focus on lean, efficient supply chains, leaving no buffer or margin for error when it comes to certain parts arriving just in time it’s needed to make a final product.”