In its new “Building Resilient Supply Chains, Revitalizing American Manufacturing, and Fostering Broad-Based Growth” report, the Biden Administration has pledged to help “unkink” the supply chain bottlenecks that started in 2020 and then gained significant momentum in 2021. As part of the president’s 100-day administration review, the report discussed how the COVID-19 pandemic and resulting economic dislocation revealed long-standing vulnerabilities in the nation’s supply chains.
The pandemic’s drastic impacts on demand patterns for a range of medical products including essential medicines wreaked havoc on the U.S. healthcare system, the report states. “As the world shifted to work and learn from home,” it continues, “it created a global semiconductor chip shortage impacting automotive, industrial, and communications products, among others.”
