Biden Administration Unveils "Supply Chain Support Policies" Package
Biden Administration Unveils "Supply Chain Support Policies" Package
The Biden Administration is planning to implement comprehensive new policies aimed at strengthening America's supply chains, lowering costs for families, and securing critical sectors. The White House indicated that the plan will be detailed through more than 30 new measures to be announced today at the inaugural meeting of a new White House Supply Chain Resilience Council.
\nThe White House said these measures will help Americans access the products they need in a timely manner, enable reliable deliveries for businesses, strengthen agricultural and food systems, and support well-paid union jobs within the country. Emphasizing that strong supply chains are fundamental to a strong economy, the White House noted that when supply chains function properly, prices for goods, food, and equipment decline, putting more money in the pockets of American families, workers, farmers, and entrepreneurs.
\nAmong the innovative changes are the following:
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Use of the Defense Production Act to increase domestic production of essential pharmaceuticals and reduce drug shortages in America.
\n Intergovernmental supply chain data-sharing capabilities, such as the Department of Commerce's Supply Chain Center and the Department of Transportation's (DOT) Freight Logistics Optimization with Visualization (FLOW) program.
\n Launch of a four-year supply chain review to update industries, sectors, and products identified as critical to national and economic security.
\n The Department of Homeland Security (DHS) will establish a new Supply Chain Resilience Center (SCRC) to address supply chain risks stemming from threats and vulnerabilities at U.S. ports.
\n The DOT will assume responsibility for maintaining and improving the condition and performance of the national multimodal freight transportation network.
\n Climate impact monitoring will be conducted by the White House National Security Council, Office of Science and Technology Policy, and Council of Economic Advisers, in cooperation with the National Oceanic and Atmospheric Administration (NOAA).
\n Energy and critical mineral supply chain preparedness will be conducted using an assessment tool developed by the DOE that accounts for raw materials, manufacturing, labor, and logistics considerations.
\n Defense supply chain mapping and risk management, utilizing a Supply Chain Mapping Tool developed by the DOD to increase supply chain visibility for more than 110 weapon systems.
\n A Supply Chain Data and Analytics Summit will be held in 2024 to provide expert input to supply chain risk assessment models and tools.
\n Artificial intelligence (AI) hackathons organized by the USGS, Defense Advanced Research Projects Agency (DARPA), and Advanced Research Projects Agency-Energy (ARPA-E) to strengthen critical mineral supply chains.
\n Risk mapping for labor rights violations will be overseen by the Department of Labor (DOL).
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