Could be. I'm certainly disappointed in Biden. (Course, I never liked him much in the first place. I was voting against, not voting for.)
Chances are he won't be running in 2024. He should take this opportunity to dramatically re-align our foreign policy priorities, strengthening military, diplomatic, and commercial/economic ties with what we used to call the First World (Canada, Western Europe, Oceania, Japan, Taiwan, and South Korea), wooing India and Mexico, and making it crystal clear to the Middle East, Latin America, Southeast Asia, and Africa that access to the aid, money, tech, and other goodies of our alliance depends on visible progress on human rights and consistently playing nice with the First World.
He doesn't need to (or shouldn't) worry about being re-elected.