Biden orders supply chain review for 4 industries – POLITICO

President Joe Biden will sign an executive order on Wednesday to review the global supply chains used by four key industries in an effort to avoid the shortages in medical equipment, semiconductors and other goods seen as critical during the pandemic.

China reliance targeted: Biden’s order will institute 100-day reviews of the global producers and shippers for: computer chips used in consumer products; large-capacity batteries for electric vehicles; pharmaceuticals and their active ingredients; and critical minerals used in electronics.

The reviews will seek to determine whether U.S. firms in these sectors are relying too much on foreign suppliers, particularly those in China, a senior administration official told reporters. They will also consider other vulnerabilities, like extreme weather and environmental factors.“

Clearly we are looking at the risks posed by dependence on competitor nations, but that is only one of a range of risks we are looking at,” the administration official said.

The order will also direct yearlong reviews for six sectors: defense, public health, information technology, transportation, energy and food production.

Source: Biden orders supply chain review for 4 industries – POLITICO