Soon after President Biden took office, he issued an executive order calling for a review of critical U.S. supply chains to be completed in 100 days. With the report now out, it is critical to discuss the findings and recommendations, including what role the federal government will play in implementing its recommendations and how public and private sectors should work together on this issue. Overall, the report reviews U.S. supply-chain challenges and focuses on four key industries: semiconductors, large-capacity batteries, critical minerals and materials, and pharmaceuticals. The administration is also working on a second phase of the report over the next year to review six additional sectors, including the defense industrial base and information and communications technologies.
ITIF hosted an in-depth discussion with members of the Biden Administration about the report, implications for policy, and potential next steps.