Biden to order review of supply chains in key industries

President Biden on Wednesday will sign an executive order to review supply chains in four major industries, announcing the White House to ensure the continued flow of critical items in medical care and computer chips.

Any disruption in the ability to supply significantly for manufacturing pharmaceutical products, rare-earth minerals for phones, semiconductors for technology and large-capacity batteries that pose an economic and national security risk to the nation, white houses from electric electric cars She does. A release outlined the main features of the executive order.

“While we cannot predict what the crisis will affect us, we must have the ability to respond quickly to the challenges we face. The United States should ensure that production losses, trade disruptions, natural disasters, and potential actions by foreign rivals and adversaries should not weaken the United States again.

The executive order will close a 100-day review to address any weaknesses in the supply chain of those products and determine if US manufacturers are dependent on foreign markets – including China – for their essential goods.

This will be followed by a year-long review for six sectors – defense, public health, information technology, energy, transport and food production.

The Biden administration will work with Congress to complete reviews and ensure a “strong and flexible” supply chain to partners and partners of President America.

Flaws in the supply chain were exposed during the coronovirus epidemic, when there was a shortage of masks, gloves and personal protective equipment for healthcare workers, all made in China.

The shortcomings prompted former President Donald Trump and then President Biden to implement the Cold War-era Defense Production Act to increase manufacturing of those products.

Recently, Ford and Volkswagen said they may have to delay production of their new electric vehicles because of a dispute a Korean battery supplier was having with US trade officials over intellectual property theft.

With post wires

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