The White House has released its inaugural Quadrennial Supply Chain Review, marking a significant step in the Biden-Harris Administration's strategy to enhance economic security and create resilient supply chains. This review outlines efforts by the U.S. Government to address risks, remove bottlenecks, and ensure efficient operations of supply chains that are vital for American goods.
U.S. Secretary of Commerce Gina Raimondo commented on the initiative, stating, "Strengthening supply chains and revitalizing America’s position in semiconductor manufacturing has been a cornerstone of the Biden-Harris Administration’s agenda from the very beginning." She emphasized the administration's dedication to collaborating with industry partners to proactively tackle supply chain challenges and develop innovative solutions.
The Department of Commerce's Supply Chain Center has unveiled findings from its new SCALE supply chain risk assessment tool within the review. SCALE is designed to enhance the government's ability to assess resilience and vulnerability across the U.S. goods economy using over 40 indicators. This tool aims to facilitate detailed discussions about supply chain risks between public and private sectors.
Significant contributions have been made by Commerce in specific sectors like Information and Communications Technology (ICT) and semiconductors. Initiatives such as the CHIPS and Science Act, Broadband Equity, Access, and Deployment (BEAD) Program, Regional Technology and Innovation Hubs (Tech Hubs), and Public Wireless Supply Chain Innovation Fund are noted for building resilience in these areas.
Since President Biden took office, over $450 billion in private investment has been announced by semiconductor and electronics companies. These investments are largely driven by public funding aimed at strengthening supply chains while supporting community development through job creation and infrastructure expansion.
The Department of Commerce remains committed to advancing policies that bolster American supply chains for workers, businesses, and consumers alike. More information on their efforts can be found at trade.gov/supply-chain-center along with details on progress made under the Biden-Harris Administration.
