supply chain resilience Content

Biden’s review of US supply chains stirs experts from the procurement world to react

executive order

As the world is reeling from President Biden’s latest Executive Order (EO) on domestic sourcing of currently imported critical components, primarily computer chips and medicines, to help the US become less dependent on foreign supplies, Spend Matters turns it eye to the general thoughts of the procurement sector.

The EO is intended to help protect the US economy from the supply shortages experienced during the pandemic that forced car manufacturers to cease production owing to lack of semiconductors, left healthcare workers without crucial PPE and spread concern over the availability of critical drug ingredients for the pharmaceutical industry. A hundred-day review of critical supply chains will now begin. Our chief research analyst recently penned some thoughts on LinkedIn which sparked an interesting string of dialogue: here are some voices from the procurement world.