Obama Orders Strategy for Protecting Nation’s Supply Chain

President Barack Obama is directing the Departments of State and Homeland Security to come up with a plan to protect the $14.6 trillion U.S. economy from interruptions in the supply chain. The White House released a National Strategy for Global Supply Chain Security today that gives officials from those departments six months to make recommendations on identifying risks and making commercial infrastructure more resilient.

“We have seen that disruptions to supply chains caused by natural disasters — earthquakes, tsunamis and volcanic eruptions — and from criminal and terrorist networks seeking to exploit the system or use it as a means of attack can adversely impact global economic growth and productivity,” Obama said in a letter dated Jan. 23 and released by the White House today.

“As a nation, we must address the challenges posed by these threats and strengthen our national and international policies accordingly.” See Bloomberg for full story

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