The Biden administration has issued a report entitled “Building Resilient Supply Chains, Revitalizing American Manufacturing, and Fostering Broad-Based Growth” (click here) that concludes the 100-day review required under Executive Order (E.O.) 14017 “America’s Supply Chains.” (click here).
The review focused on four critical industries: (1) semiconductor manufacturing and advanced packaging; (2) large capacity batteries, including those for electric vehicles; (3) critical minerals and materials; and (4) pharmaceuticals and active pharmaceutical ingredients (APIs).
The administration proposes a significant number of follow-on actions as part of a “whole of government” approach to strengthen the resilience of the supply chains for these four industries. These include interagency task forces, new trade actions, and legislation that would support increased domestic production, invest in new production and processing of critical minerals, combat unfair trade practices, and strengthen reliance on key U.S. allies. (See White House fact sheet clicking here).