As the U.S. economy emerges from Covid-19-related lockdowns and subsequent supply chain disruptions, business leaders are beginning to develop a roadmap for redesigning their global supply chains with the aim of making them more resilient, environmentally sustainable, and agile. This endeavor, combined with the Biden administration’s goal of making critical sectors of the U.S. economy more self-reliant and less dependent on China, will require public-private partnerships and hundreds of billions in government investments, subsidies, incentives, and sourcing mandates.
The Case for a Pan-American Manufacturing Ecosystem
A strong supply base will help U.S.-based manufacturers as well as the economies of Central and South America.
June 14, 2021
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Summary.
Supply chain disruptions and geopolitical considerations have caused U.S. political and business leaders to rethink America’s dependence on Asia. The Biden administration has called for bringing manufacturing in critical sectors back to the United States. But to make this happen, U.S.-based manufacturers will need a strong supply base that encompasses North America, Central America, and South America. And this will require a modern Pan-American land transportation system. Such a strategy will not only allow the manufacture of critical goods to return to the United States. It will also help build the economies of Mexico, Central America, and South America, which would help address the emigration problem now plaguing the United States. It would also create a bigger market for U.S. manufacturers.