Get ready for big supply chain overhaul in North America

Stattimes16 Jul, 2021News

After completing just one month in the White House, the United States president Joe Biden on February 24, 2021, signed an executive order requiring a review of supply chains within 100 days triggered by pandemic-led disruptions.? On June 8, the White House released the report identifying the fragility of the US supply chains on four critical products: semiconductor manufacturing; large capacity batteries; critical minerals and materials; and pharmaceuticals and APIs. This pointed at underinvestment in domestic production, private sector prioritization of low-cost, unregulated labour markets and unfair trade practices by competitor countries.