Thread by @BrianDeeseNEC

AM Thread on supply chains:

Today we released results of 100 day sprint to analyze supply chain vulnerabilities that contributed to the discontinuities we’ve seen across various markets over the last year.

whitehouse.gov/briefing-room/…

The pandemic exposed our vulnerability to systemic crises. From the early days we saw huge shortages, from critical PPE to groceries at our local supermarkets.

As the economy reopens, supply/demand imbalances have evolved, but long-term vulnerabilities persist

In Feb @POTUS signed an EO directing 100-day supply chain reviews of 4 critical products:
-Large capacity batteries
-Semiconductors & adv packaging
-Critical minerals & materials
-Active pharma ingredients
Today we release their findings + actions to address vulnerabilities

Initial actions include:
- $60 million for domestic API manufacturing
- $17B for the ATVM loan program
- Supporting private-sector semiconductor investment
- Grants/loan guarantees to support sustainably-produced critical minerals

We're also launching a new Supply Chain Disruptions Task Force to respond to transitory supply/demand bottlenecks as we reopen the economy -- led by @SecRaimondo @SecretaryPete and @SecVilsack.

This just scratches the surface of @POTUS's actions to strengthen the country’s domestic competitiveness, increase resilience, & support recovery.

I’d encourage everyone to read through the reports’ findings & forward-looking strategies -- and give us feedback.