Biden Orders Review of Supply Chain, Promises to Increase Domestic Production
Feb. 27, 2021--Since the beginning of the COVID-19 pandemic, businesses and consumers around the world have faced shortages of food, medical supplies and prescriptions, industrial parts, and consumer staples.
Supply chain interruptions, manufacturing delays and export restrictions have all impacted the way the world trades its goods.
Policymakers are taking note, and the United States is no exception.
Executive Order on Supply Chains
This week, President Joe Biden ordered an administration-wide review of supplies for multiple industries, including semiconductors, high-capacity batteries, critical minerals and materials, such as rare earth elements, and pharmaceuticals.
"We shouldn’t have to rely on a foreign country — especially one that doesn’t share our interests or our v...
