This week President Biden signed an Executive Order (EO) entitled Securing America’s Critical Supply Chains. The review comes on the heels of global shortages of semiconductors as there has been a rise in demand for consumer products that utilize the computer chips, including the automotive industry. It also comes in light of medical product shortages caused by the pandemic.
The Executive Order charges the National Security Advisor and the Director of the National Economic Council to coordinating multiple reviews of various supply chains, including a 100 day review of Active Pharmaceutical Ingredients (API) and semiconductors and advanced packaging. A broader, year-long effort will begin at six agencies to review relevant industrial bases (Department of Defense, Department of Health and Human Services, Department of Commerce and the Department of Homeland Security, Department of Energy, Department of Transportation, and the Department of Agriculture).
While the Ensuring the Future Is Made in All of America by All of America’s Workers EO signed in January focused on the role that government procurement can play in incentivizing US made products, this EO aims to examine the underlying risks and opportunities for improvement within the supply chain.
Securing America’s Critical Supply Chains EO Fact Sheet
Securing America’s Critical Supply Chains EO Text