From the Executive Summary: "Over the past year, the Biden-Harris Administration navigated an unprecedented period in economic history. The COVID-19 [coronavirus disease 2019] pandemic exposed structural weaknesses in the U.S. domestic industrial base and critical supply chains - the result of decades of preferencing underinvestment, outsourcing, and offshoring over long-term security, sustainability, and resilience. From the beginning of his Administration, President Biden prioritized strengthening critical supply chains and revitalizing the U.S. industrial base. In February 2021, one month after taking office, President Biden signed E.O. [Executive Order] 14017, 'America's Supply Chains,' which initiated an all-of-government review of the supply chains that underlie the U.S. industrial base, with an initial focus on four critical products: semiconductors and advanced packaging; high-capacity batteries, including electric-vehicle batteries; critical minerals and materials, including rare earth elements; and pharmaceuticals and active pharmaceutical ingredients (APIs)."