President Biden ordered a review of US supply chains for several critical products and materials yesterday, including semiconductors, high-capacity batteries, rare earth elements, and pharmaceuticals. The executive order (source) calls for a 100-day review of supply chain risks and opportunities for improvement (including domestic manufacturing). The action was driven in part by a desire to reduce US reliance on international trading partners.
More context: The order comes amid a global semiconductor shortage, which has caused several US automakers to temporarily cut production.
The New Paper
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