Biden: 'much-predicted' Christmas crisis averted

U.S. President Joe Biden has said government measures to tackle global supply chain issues have averted a pre-Christmas crisis.

In June, he created a task force to address rising prices and shortages of goods caused by the pandemic. However, some business owners and industry experts say American firms are still facing supply problems, BBCreported.

"The much-predicted crisis didn't occur," Biden said ahead of a meeting with his Supply Chain Disruptions Task Force and corporate executives.

He went on to say that shop shelves are stocked at 90% of their full capacity and deliveries are happening at a faster rate than before the pandemic: "Packages are moving, gifts are being delivered, shelves are not empty."