President Joe Biden convened a meeting with top private sector executives on Wednesday in celebration of the supply chain progress the administration has made heading into the holidays.

The meeting was attended virtually by Fred Smith, CEO of FedEx, Darren Hawkins, CEO of Yellow Corp, Christopher Connor, CEO of the American Association of Port Authorities, Sonia Syngal, CEO of Gap, and Dave Harrison, executive director of Fastport, per White House officials.

Biden, joined in person by White House port envoy John Porcari and National Economic Council Director Brian Deese, opened by outlining how the administration is continuing to tackle supply chain issues. He claimed that his policies are changing the "trajectory."

"Still top of mind for me is what is top of mind for so many families, the pinch of prices and the costs," the president stated. "Addressing these prices will continue to be a top priority in administration, and the way to do this is not to slow down or to step back."

"Earlier this fall, we heard a lot of dire warnings about supply chain problems leading to a crisis around the holidays. So, we acted," he continued. "Packages are moving. Gifts are being delivered. Shelves are not empty."

Biden cited "progress" he and Porcari have made in working with the ports of Los Angeles and Long Beach, which, according to the president, are currently moving more crates per day than ever before. He also used the event to promote Build Back Better, the spending bill that is currently without majority support in the Senate thanks to the defection of West Virginia Democratic Sen. Joe Manchin.

Porcari, in turn, outlined the day-to-day interactions the administration is having with port, rail, and shipping partners "to work through problems in real time" and continue moving toward a full-time 24/7 unloading schedule.

The president also pointed to several programs launched by the administration over the past week to "get more truckers on the road," including millions in investments to expand state commercial drivers licenses.

Prior to Biden's meeting, the White House said that, despite earlier delays, Christmas gifts would be arriving in time across the country.

White House chief of staff Ron Klain retweeted several posts Wednesday morning on the topic, including a "How it started/How it's going" meme from White House Director of Rapid Response Mike Gwin. The tweet showed two articles headlined "White House scrambles to address Christmas crisis" and "Christmas Gifts Are Arriving on Time This Year."

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You can watch Biden's remarks in full below.