Readout of Secretary Raimondo’s Meeting with the Advisory Committee on Supply Chain Competitiveness

Readout of Secretary Raimondo’s Meeting with the Advisory Committee on Supply Chain Competitiveness
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Thu, 06/13/2024 – 20:17

Export and investment promotion

FOR IMMEDIATE RELEASE

Thursday, June 13, 2024

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Yesterday, U.S. Secretary of Commerce Gina Raimondo met virtually with the Advisory Committee on Supply Chain Competitiveness (ACSCC).

During the meeting, Secretary Raimondo underscored the crucial role that the Department of Commerce is playing in assessing and addressing challenges related to supply chain resilience and economic security. Specifically, the Secretary highlighted the value in leveraging the Department of Commerce’s Supply Chain Center to get ahead of supply chain challenges in collaboration with the private sector and the significance of working with our international partners to reduce barriers and create a level playing field for American firms and create American jobs. The Secretary also provided an update on the historic investments that the Biden-Harris Administration is making to strengthen supply chains and prevent future disruptions. She emphasized the Administration’s commitment to expanding production capacity in key sectors and building infrastructure and specifically provided an update on Commerce’s work in implementing the CHIPS and Science Act.

Prior to the Secretary’s remarks, Assistant Secretary of Commerce for Industry & Analysis Grant T. Harris provided an update on the work that the Supply Chain Center is doing to help bolster supply chain resilience, mitigate risks, and safeguard America’s economic and national security interests. Assistant Secretary Harris described the Supply Chain Center’s cutting-edge work to create a cross-sectoral risk assessment framework to identify systemic supply chain risk across the U.S. economy. He also updated the ACSCC on the Supply Chain Center’s work to create a playbook for the U.S. Government to use to understand and drive actions to strengthen supply chains related to critical and emerging technologies.

Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service Arun Venkataraman led a session on the Department’s priorities with Vietnam and India to increase collaboration on supply chain diversification and resilience. Lastly, Sharon Yuan, Chief Indo-Pacific Economic Framework for Prosperity (IPEF) Negotiator provided an update on how the United States and the 13 IPEF partners are working together to identify mutual supply chain priorities, share key information and analysis, and coordinate action to enhance global supply chain resilience that is consistent with our shared values.

The Committee advises the Secretary of Commerce on elements of a comprehensive, holistic national freight infrastructure, and a national freight policy designed to support U.S. export growth, foster national economic competitiveness, and improve U.S. supply chain competitiveness in the domestic and global economy. The Committee’s work is intended to further the Administration’s export, economic, and job growth goals. Visit www.trade.gov/advisory-committee-supply-chain-competitiveness to learn more.

The Supply Chain Center (SCC), housed within the International Trade Administration’s Industry and Analysis (I&A) unit, proactively works with American businesses and communities in increase the resilience of supply chains and address supply chain challenges. The Center integrates industry expertise and data analytics to develop innovative supply chain risk assessment tools, coordinate case studies on select critical supply chains, and collaborate with industry and international partners to strengthen supply chains.

Bureaus and Offices

International Trade Administration

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Supply Chain

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