February 24, 2021
1 min read

Biden to bolster US supply chains

Each key sector will undergo 100 day review to find vulnerabilities and weaknesses

Supply chain issues faced at the onset of the Covid-19 and shortfall of personal protective equipment felt at that time partly prompted the executive order….reports Asian Lite News

US President Joe Biden likely to sign an executive order to strengthen supply chains in several key sectors.

Sectors including semiconductor chips, pharmaceuticals, rare earth minerals and large-capacity batteries will undergo a 100-day review to identify weaknesses and areas for improvement.

“This order is the president’s next steps in investing in American workers,” an official was quoted as saying.

Supply chain issues faced at the onset of the Covid-19 and shortfall of personal protective equipment felt at that time partly prompted the executive order.

The development comes at a a time when manufacturing shortages have been reported in the auto and tech industries due to the pandemic.

According to a study by American Society of Health-System Pharmacists, trade restrictions and the pandemic could disrupt health care supplies delivery.

While the new executive that Biden plans to sign will be another step to boost made in the US goods, it will not target China, said the report.

The Biden administration has found “deep problems” with US policies toward China pursued during the Trump administration after a review.

Also read:Biden picks Kiran Ahuja to head OPM

Also read:Biden Reassures Americans

Previous Story

Epic Games’ case against Apple in UK rejected

Next Story

British Indians Rap Plot To Create Rift

Latest from -Top News

Hamas Reiterates Peace Effort After U.S. Jab

Hamas Reaffirms Commitment to Ceasefire Talks After U.S. Criticism…reports Asian Lite News Hamas on Friday reiterated its commitment to the ongoing ceasefire negotiations, responding to remarks by U.S. Special Envoy to the

No smoking gun in Epstein files: Trump briefed

Attorney General Pam Bondi briefed Trump and Deputy Attorney General Todd Blanche at the White House in May….reports Asian Lite News US President Donald Trump was informed earlier this year that his

Israel, US recall teams from Gaza truce talks

Steve Witkoff said mediators had made a great effort but “Hamas does not appear to be coordinated or acting in good faith”…reports Asian Lite News Israel and the United States recalled their

Trump presses Fed chief to cut rates

Fed chair pushes back on Trump criticism of renovation costs as president presses central bank to cut interest rates…reports Asian Lite News Donald Trump sparred with the Federal Reserve chair, Jerome Powell,

Dubai turns malls Into fitness zones

Dubai’s Mallathon reimagines shopping centres as fitness zones, encouraging residents of all ages to walk, run, and connect—fostering healthier habits in air-conditioned comfort….reports Asian Lite News In a bold move to blend
Go toTop