Biden Meets With Bipartisan Lawmakers on Supply Chain Issues in the Oval Office

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  • Bloomberg Quicktake: Now published this video item, entitled “Biden Meets With Bipartisan Lawmakers on Supply Chain Issues in the Oval Office” – below is their description.

    President Joe Biden met at the White House Wednesday with a bipartisan group of lawmakers on some of the critical supply chain issues that the U.S. is facing.

    The meeting occurred shortly before Biden was to sign an executive order to review U.S. supply chains and boost domestic manufacturing jobs in the areas of batteries, pharmaceuticals, critical minerals and semiconductors that power cars, phones, military equipment and other goods.

    The United States has become increasingly reliant on imports of these goods — a potential national security and economic risk that the Biden administration hopes to address with the planned 100-day review and the possibility of increased domestic production.

    However, Biden will also look to work with international partners to ensure a stable and reliable supply chain.

    The order being signed Wednesday will include sectoral reviews to be completed within one year for defense, public health and biological preparedness, information communications technology, energy, transportation and food production.

    Over the past year, the fragility of vital supply chains has been revealed repeatedly. The coronavirus outbreak led to an initial shortage of masks, gloves and other protective medical equipment. Automakers in the United States and Europe are now dealing with a shortage of computer chips.

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