US Formalises Supply Chain Council to Deal with Disruption

[ABS News Service/17.06.2024]

President Biden on Friday formalized the White House Council on Supply Chain Resilience that he created in 2021 in response to the global COVID-19 pandemic.

In an executive order, the President ordered the council to conduct a quadrennial supply chain review of industries critical to national or economic security, including the processes in place to monitor supply chains and the timeliness of the associated data.

The first report must be submitted by December 31 of this year and every four years thereafter.

“Building resilient American supply chains will necessitate enhancing domestic manufacturing capacity, supporting America's competitive edge in research and development, encouraging innovation, reinforcing critical infrastructure, and creating well-paying jobs,” according to the executive order. “Building resilient American supply chains will also provide a foundation to strengthen prosperity, advance the fight against climate change, enhance national emergency preparedness, and encourage economic growth across the Nation.”

Separately, Commerce Secretary Gina Raimondo held a virtual meeting with the Advisory Committee on Supply Chain Competitiveness.

Ms. Raimondo highlighted the value in leveraging Commerce’s Supply Chain Center to get ahead of supply chain challenges in collaboration with the private sector and the significance of working with our international partners to reduce barriers and create a level playing field for American firms and create US jobs.

She also provided an update on the investments being made by the Administration to strengthen supply chains and prevent future disruptions.