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Mr. Biden launches “Supply Chain Destruction Task Force” in response to shortage of supplies

The Biden administration has set up a new “Supply Chain Disruption Task Force” as part of its response to the ongoing shortage of semiconductors and other critical commodities.

The Task Force, headed by the Secretary of Commerce, Transport and Agriculture, aims to address bottlenecks in the chip industry.
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Government officials also told reporters in the areas of transportation, housing and construction, agriculture and food.

Begins after President Joe Biden signs in late February Executive order calling for a 100-day review of major supply chainsAnd this week, the administration is taking additional steps to address shortages in various industries, including a new “attack force” led by the US Trade Representative.

Officials said the “attack force” would identify and take trade measures to counter unfair trade practices that undermine the US supply chain.

In addition, the Biden administration has established a public-private consortium for advanced manufacturing and onshore of essential medicine manufacturing.

Other responses include a new interior ministry-led effort to identify US sites where important minerals may be produced, a new “national plan” for advanced batteries, and a neodymium magnet section 232 study. Includes consideration of the possibility of starting.

Such magnets are important for manufacturing, defense and other industries, and the United States relies heavily on imports, especially from China, to obtain them, government officials said. Section 232 is Legal provisions that enable the Department of Commerce Investigate the impact of imports on national security.

Mr. Biden launches “Supply Chain Destruction Task Force” in response to shortage of supplies

Source link Mr. Biden launches “Supply Chain Destruction Task Force” in response to shortage of supplies

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