RECOMMENDED READING
After decades of looking away as Americaās supply chains migrated overseas, policymakers are finally facing the reality that dependence on foreign producers has weakened Americaās resilience, security, and economy.
The COVID-19 pandemic has cast a harsh spotlight on this failure, leaving the nation unacceptably exposed, our capacity depleted, and our essential workers turning to China for equipment. āThis pandemic has reaffirmed the importance of keeping vital supply chains at home,ā President Donald Trump explained at an April press briefing. āWe cannot outsource our independence. We cannot be reliant on foreign nations.ā
But the effects of offshoring extend well beyond medical shortages during a public health crisis. When factories leave our shores, not only the jobs but also the suppliers, the customers, the expertise, and the innovation go with them. When productivity growth and innovation are needed, they are nowhere to be found. When we lose ground to rival nations, we lack the capacities required to regain the lead.
(Adapted from Moving the Chains: 9 Strategies for Retaking Global Leadership in Industry and Innovation)
Recommended Reading
Testimony on āMapping Americaās Supply Chainsā
Chris Griswold’s testimony before the U.S. House Committee on Energy and Commerceās Subcommittee on Innovation, Data, and Commerce, regarding āMapping Americaās Supply Chainsā
Industrial Security Policy: New Missions for DoD, SBA and CFIUS
Thanks to the near-criminal negligence of neoliberal globalist policymakers in both the Democratic and Republican parties, Americaās national industrial base, the foundation of its global power, has eroded to the point of collapse.
Foreword: The Reshoring Imperative
You may not be interested in supply chains, but supply chains are interested in you.
