White House to Launch Supply Chain Task Force

The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the agriculture, construction, transportation and semiconductor sectors.

Administration officials said their goal is to increase domestic manufacturing, limit shortages of vital goods, and reduce a dependence on geopolitical competitors such as China.

The officials, speaking before the 250-page review was released last week, noted that the goal is to get ahead of crises such as the computer chip shortage that has hurt automakers this year.

“More secure and resilient supply chains are essential to our national security, our economic security, and our technological leadership,” the report said.

The new task force will be led by the secretaries of Commerce, Agriculture and Transportation to focus on parts of the economy where there is a mismatch between supply and demand.

Source: Associated Press