"One of the big reasons why prices are going up is the cost of shipping things across the Pacific, in particular," Biden says during the call. "There's only nine major ocean line shipping companies who ship from Asia to the United States. These companies have raised their prices by as much as 1,000%."

The video ends with Biden calling on Congress to pass the Ocean Shipping Reform Act, which the U.S. House of Representatives is expected to vote on as early as next week. "I expect it to pass. And I'm looking forward to signing it," Biden states.

In his upcoming speech, Biden is expected to recount efforts by his administration to ease the supply chain disruption and high shipper costs that have dominated much of his tenure.

"President Biden must assure that the international ocean carriers, as a condition of bringing imports from China and other countries into the US through US ports (and announcing billions of dollars of profit each quarter), provide dependable and affordable ocean transportation for our agriculture exports to the world," Peter Friedmann, executive director of the Agriculture Transportation Coalition, told FreightWaves in anticipation of Biden's speech.