Recents in Beach

Biden administration announces plans to strengthen supply chains

Biden administration announces plans to strengthen supply chains



President joe biden despite calling his agenda as anti-trump is extending his america first policies especially in the world of commerce in the latest the biden administration has completed a 100-day review of supply chains of america the key findings address the disruptions caused by the government 19 pandemic and swift action planned to strengthen the critical supply chains biden aims to increase domestic infrastructure and reduce dependency on geopolitical competitors the likes of china in february this year joe biden had signed an executive order to assess the vulnerabilities of american supply chains now after a hundred days of review the administration has announced the formation for task force and a number of steps to bolster supply chains the review report has identified four critical products medicines and pharmaceutical ingredients critical minerals and materials semiconductors and large capacity batteries based on the review report the biden administration has announced their actions to address the weak links in the demand and supply market to support the domestic production of critical medicines the department of health and human services will allot around 60 million dollars to ramp up drug manufacturing the next department will commit roughly around 17 billion dollars to develop advanced battery supply in the country the commerce department has planned to increase cooperation and investments within the semiconductor industry and the labor department will announce 100 million grants to state-led programs and finally the biden administration will work to identify new domestic sites where critical minerals could be mined with environmental safeguards the congress will be asked to increase funding for a mapping program at the u.s geological survey this will be a top focus of biden's trip to europe later this week the white house aims to diversify supplies and make the us more reliant on allies and less on geopolitical competitors.

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