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.
Supply Chain and the Summit of the Americas
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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 Businesses Are Still Grappling with Supply Chain Disruptions
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.Learn More
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.
Why Businesses Should Strengthen Their Supply Chain Diversity
As society pushes for a more inclusive business world, enterprise leaders should consider the importance of diversifying their supply chains.
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This Coalition Comment letter was sent to the Department of Commerce, asking for an extension request for public comments.
As stakeholders interested in the activities of the U.S. Department of Homeland Security’s (DHS) Customs and Border Protection (CBP) at land, sea, and air ports-of-entry (POEs) around the globe, we urge you to support the Administration’s request for supplemental appropriations to cover CBP operations for the remainder of this fiscal year.
Technology, free trade agreements, and improved infrastructure can improve supply chains and reduce barriers for businesses
Experts say technology will rule the day, if infrastructure will enable it.
Developments of new technologies have revolutionized supply chains, but they have also created vulnerabilities.
Global supply chains are complicated and critical, with many moving pieces.