U.S. businesses are linked together through a global web of interconnected, predictable, and efficient supply chains and rely on them to access international consumers and compete in the global marketplace.
The Chamber works with a network of companies, associations and governments to promote global customs modernization breaking down barriers companies face in international markets.
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During the U.S. Chamber of Commerce and U.S. Department of State’s 2022 IV CEO Summit, a panel of experts discussed how businesses can build back better supply chains after the recent stoppages and disruptions. Moderated by Phil Levy, the Chief Economist of Flexport, the expert panelists included Kathleen Quirk, President of Freeport-McMoran, Guillermo Vogel, Vice Chair of Tenaris, and Manuel Macedo, President of Latin America at Honeywell.
Small business is bearing the brunt of supply chain challenges caused by worker shortages and delays. Nearly two in three small businesses have had to alter their supply chains in the past six months, according to the Q4 2021 U.S. Chamber and MetLife Small Business Index.
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- Reducing Supply Chain Dependence on Single SourceCountries can improve their economy and production by reducing supply chain dependence on a single country or source.
Resilient, efficient, and secure supply chains are essential to commerce, our economy, and people’s standard of living. Protecting supply chains from interruptions—from security threats and economic volatility to production issues and workforce shortages—is crucial to keeping goods flowing. The U.S. can ease these risks by diversifying supply chains and building up reserves of critical products. We work closely with government to make sure that policy recommendations protect the private sector while avoiding punitive approaches, new barriers to trade, and one-size-fits-all fixes.
As society pushes for a more inclusive business world, enterprise leaders should consider the importance of diversifying their supply chains.
- Environment and SustainabilitySustainability and Circular Economy Summit 2022Tuesday, October 1109:00 AM EDT - 05:00 PM EDT
- Small BusinessCO— Start. Run. Grow. WeekTuesday, October 18 - Thursday, October 2012:00 PM EDT - 01:00 PM EDT
- International4th Annual Transatlantic Business Works SummitThursday, November 1009:00 AM EST - 12:15 PM EST
- Aug 01, 2022
As the nation endures an ongoing supply chain crisis, the situation has become much direr thanks to a disastrous California law.