Biden Administration Takes Supply Chain Measures

The Biden administration plans to strengthen supply chains with the establishment of the White House Council on Supply Chain Resilience, aiming to combat supply chain pressures from the pandemic and reduce US inflation. The council will conduct a quadrennial supply chain review, and the Federal Reserve Bank of San Francisco concluded that supply chain pressures accounted for 60% of the surge in US inflation. Various actions, including investments in starting materials for sterile injectable medicines, will be announced, along with the Freight Logistics Optimization Works program and grants for coal communities to transition to clean energy.