Economic Trends
U.S. Cutting Tool Orders Tick Down in August, Shipments Hold Steady
October 21, 2026
Economic Trends
Nearly 30 actions were outlined at the first meeting of the Biden administration’s new Supply Chain Resilience Council.
President Joe Biden convened the inaugural White House Council on Supply Chain Resilience on Nov. 27, in which Biden announced nearly 30 new actions aimed at strengthening the United States’ supply chains.
The council is comprised of:
Listed first on a White House fact sheet explaining those supply chain actions is the use of the Defense Production Act to have the Health and Human Services Department invest in the domestic production of necessary medicines deemed crucial for national security. The HHS has identified $35 million in investment for the production of injectable medicines materials.
Listed second was cross-government supply chain data-sharing capabilities, led by the Department of Commerce’s new Supply Chain Center that integrates industry expertise and data analytics to develop supply chain risk assessment tools and analysis, aimed to drive actions to increase risk resilience. Meanwhile, the White House said shipping companies have begun to utilize data from the Department of Transportation’s Freight Logistics Optimization Works (FLOW) program on freight logistics.
Other actions are aimed to improve supply chains through better access to affordable, reliable energy and critical technology. These actions include the following:
Find much more info about these and the Biden Administration’s new supply chain actions from its fact sheet here.
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