Biden Administration Announces Measures to Strengthen Supply Chains and Combat Inflation

Council on Supply Chain Resilience formed, Defense Production Act invoked for domestic drug production, and new actions include creation of Supply Chain Center and grants for clean energy supply chains.

Biden administration forms Council on Supply Chain Resilience and announces 30 actions to strengthen supply chains and combat inflation.
Defense Production Act invoked to invest $35 million in domestic production of essential medicines, aiming to mitigate drug shortages.
Supply chain actions include creating a data-driven Supply Chain Center with the Department of Commerce and $275 million in grants towards clean energy supply chains from the Department of Energy.
Supply chain resilience council co-chaired by Lael Brainard, the White House National Economic Council director, and Jake Sullivan, the White House national security adviser.
Biden warns against price gouging, pledges to lower costs for U.S. families.