On February 24, 2021 President Biden signed an Executive Order (EO) on America’s Supply Chains as a step toward fulfilling the Biden campaign’s promise to address US supply chain vulnerabilities exposed by the COVID-19 pandemic and subsequent national shortages of crucial resources, including medical supplies and semiconductors. The EO calls for creating more resilient and secure supply chains for “critical” and “essential” goods, including four specific product categories—semiconductors, high-capacity batteries, critical minerals, and pharmaceuticals and active pharmaceutical ingredients (APIs), as well as six broader industrial base sectors: defense, public health, information and communications technology, energy, transportation, and food supply.
Source:
Arnold & Porter: Biden Administration Supply Chain EO Creates Opportunities and Risks in Key Manufacturing Sectors