8 Jun, 2023
Report Card: Two Years of Building Stronger Supply Chains and a More Resilient Economy [June 8, 2023]
United States. Office of the White House Press Secretary
From the document: "The COVID-19 pandemic and resulting economic crisis significantly disrupted supply chains around the world, forcing many families to navigate empty store shelves, endure longer delivery times, and pay higher prices at the register. Supply chain bottlenecks for critical inputs, like semiconductors, exposed major U.S. economic and national security vulnerabilities, many of which were decades in the making. Pandemic-induced disruptions were exacerbated by Russia's unjust invasion of Ukraine, which further highlighted the dangers of overreliance on geographically concentrated production and far-flung, fragile supply chains. Together, the pandemic and the war contributed to a surge in input costs and inflation across many sectors of the economy. The Biden-Harris Administration made supply chain resilience and response a top priority on day one, collaborating with industry and labor to address acute shortages and bottlenecks throughout the economy. As a result, critical supply chains are significantly more fluid and resilient than they were when the President took office. Today, we see increased access to transportation and warehousing capacity and equipment, solid throughput at the ports, improved delivery times, greater ocean shipping reliability, and steady declines in transportation costs."
    Details
  • URL
  • Publisher
    United States. Office of the White House Press Secretary
  • Date
    8 Jun, 2023
  • Copyright
    Public Domain
  • Retrieved From
    The White House: www.whitehouse.gov/
  • Format
    pdf
  • Media Type
    application/pdf
  • Subjects
    Economic stabilization
    Supply chain--Government policy
  • Resource Group
    Speeches and press releases

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