On March 31, 2022, President Biden issued Presidential Determination No. 2022-11, directing the Secretary of Defense, pursuant to Section 303 of the Defense Production Act of 1950.
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Changes are afoot for key industry sectors with complicated global supply chains.
According to President Biden, the COVID-19 pandemic has made clear, we can never again be in a position where we have to rely on a foreign country that doesn t share our interest in order to protect our people during a national emergency .
Thus, on 24 February 2021 Biden signed the long-awaited Executive Order (EO) on America s Supply Chains, which initiates a 100-day process of reviewing and assessing the strengths and weaknesses of supply chains across four key industries, including targeting specific products, and separate one-year reviews of certain other sectors.
The Details: What Does the Executive Order Actually Do?
As part of the Biden Administration’s “Build Back Better” strategy, and in response to worldwide shortages and export restrictions of PPE highlighted by the COVID-19 pandemic and recent shortages of semiconductors, the EO promises a “whole of government” (read: interagency and, potentially, Congressional involvement) approach to achieve resilient supply chains and a robust US manufacturing base. The EO includes the goal of supporting jobs in the manufacturing sector and those directly and tangentially related to the manufacturing sector (think: everything from factory jobs to the marketing team advertising a finished electric car).