Joe Biden announces supply chain measures with a global lens

United States President Joe Biden, in an attempt to put back the supply chains of the country and globally, announced multiple measures on Sunday as he toured Europe for key diplomatic meetings, according to US media reports.

Bringing in a perspective that travels beyond international borders, Biden offered assistance in funding and processes to ports in Central America, Asia and Mexico.

He further said that few citizens had ever tracked the flow of goods at ports until it became clear this year that the infrastructure for moving goods around the world is badly broken and in need of repair, according to reports from Associated Press.

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While speaking from Rome, at a breakout event from the G20 Summit, Biden said, “Supply chains are something that most of our citizens never think twice about until something goes wrong.”

He added, “It is not a problem any one of our nations can solve through unilateral actions. Coordination is the key reason for this meeting”, according to reports from Associated Press.

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The United States has been experiencing a sluggish supply of multiple commodities as transportation and infrastructural support have been choked by a slow pandemic impacted economy. The country has already put in a combined total of nearly $15 trillion to fill in the financial gaps introduced by COVID-19.

According to media reports, lawmakers in the House of Representatives and Senate representing the Republican party have, on multiple occasions, criticised Biden’s economic plans for the United States while citing concerns related to inflation and supply chain challeneges.

The President signed an executive order to streamline access to critical minerals and materials. The United States Defense Department would be empowered to release raw materials from the National Defense Stockpile, allowing for a faster response to shortfalls in the United States industrial base.