The White House releases a critical product supply chain risk assessment report and requires the federal government to take measures-Current Affairs News-Zhejiang Online

The White House announced on the 8th an assessment report on the supply chain risks of four key products: semiconductors, medicines, key minerals, and large-capacity batteries, requesting the federal government to take measures to solve the supply chain vulnerabilities of these key products.

This report elaborated on the Biden administration’s policy concept for establishing a resilient supply chain. It pointed out that the new crown epidemic and the economic chaos caused by it further exposed the long-standing vulnerabilities of the U.S. supply chain and established a more secure and resilient supply chain. It is essential to U.S. national security, economic security, and technological leadership.

The White House stated that in order to address the vulnerabilities of the aforementioned four types of key product supply chains, the Biden government will take measures to support the domestic production of key drugs, ensure the establishment of a domestic supply chain for advanced batteries, and strengthen investment in the sustainable production and processing of key minerals. , And cooperate with industry, allies and partners to solve the problem of semiconductor supply shortage.

The White House also announced the establishment of a Supply Chain Interruption Working Group led by the Secretary of Commerce, Transportation, and Agriculture to focus on resolving the mismatch between supply and demand in the U.S. construction, semiconductor, transportation, agriculture, and food industries in the past few months to help alleviate Supply bottlenecks are restricted.

This report is to implement the executive order signed by US President Biden in February to comprehensively assess the supply chain risks of key products and industries in the United States. The executive order requires federal government agencies to complete the assessment of the four types of key product supply chain risks within 100 days and submit a policy recommendation report. The executive order also requires that the supply chain risk assessment of six key industries in the United States be completed within one year, including defense, public health, information and communication technology, energy, transportation, and agricultural and food production industries.

Neil Bradley, senior vice president of the U.S. Chamber of Commerce, issued a statement on the same day that the report released by the White House indicated that there is no one-size-fits-all solution. Policy responses should be adjusted according to different situations in different industries. The American business community hopes that the Biden administration will not Set up new trade barriers to prevent the United States from losing the huge export opportunities that have long supported U.S. employment.