Logisitcs US

Biden set to convene new supplychain council

Adhikansh Gupta

Nov 27, 2023 • 4 min read

President Biden is set to announce 30 actions aimed at bolstering supply-chain resilience today, focusing on domestic manufacturing of vital medicines and enhancing data sharing among agencies to monitor supply risks. The Supply Chain Resilience Council, co-chaired by Lael Brainard and Jake Sullivan, will address lingering inflation concerns before the 2024 election. Measures include using the Defense Production Act for medical production and employing new tools for supply chain assessment.

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Frequently Asked Questions about Biden's New Supply-Chain Council

What is the purpose of the new supply-chain council President Biden is convening?

The council is being established to address and enhance the resilience of the supply chain in the United States. It aims to identify and solve problems related to the logistics of the supply chain and to be proactive against future disruptions.

When is President Biden scheduled to meet with the new supply chain council?

President Joe Biden is scheduled to convene the first meeting of his supply chain resilience council on the date reported by MarketWatch, but the exact date was not provided in the search results snippet. Please refer to the MarketWatch article for more precise information.

Will President Biden be announcing new steps as part of the meeting?

Yes, during the meeting, President Biden is expected to announce steps to firm up U.S. logistics, which would aim at strengthening the supply chain infrastructure and its operations.

What other efforts has the Biden administration introduced recently?

The Biden administration has introduced a plan to combat the overdose epidemic, which includes measures to disrupt the illegal supply of xylazine combined with fentanyl, among other efforts. This indicates the administration's broader commitment to addressing supply chain issues beyond logistics, including public health concerns. For more details, you can visit the White House briefing.

Has there been any word from the National Economic Council Director Lael Brainard in relation to Biden's approach to the economy?

Yes, National Economic Council Director Lael Brainard has delivered remarks at the Economic Club of New York on Bidenomics, outlining how the U.S. economy is 'Defying Predictions' under the current administration's policies. This likely reflects the overall strategy that includes supply chain resilience. More on NEC Director Brainard's statements can be found on the White House's website.

Consumer advocacy groups have reportedly cheered the Biden administration's recent move to eliminate all 'junk fees,' with the objective of protecting consumers from what is seen as predatory practices. This also ties into the broader goal of economic fairness and transparency, which may complement supply chain initiatives. The related information can be accessed via the article on Morningstar.

How can I get more detailed information about Biden's meeting with the new supply-chain council?

For in-depth coverage and the latest updates about President Biden's meeting with the new supply chain council, you should check the full article on MarketWatch.