U.S. Vice President Kamala Harris met company executives in Singapore on Tuesday to discuss supply shortages of essential items that have plagued the Biden administration and contributed to inflation.
The United States faced serious challenges in obtaining medical equipment during the COVID-19 epidemic and now faces severe bottlenecks in a number of areas, including semiconductor chips, stalling production of cars and other goods.
The White House has repeatedly sought to increase domestic production of such items but has struggled to alleviate the supply crunch.
“Ultimately we need to think of it in the context of a national priority around security… a large part of the emphasis for me and then the discussion was about what it means in terms of the needs of families but also the needs of workers,” Harris said.
She joined a roundtable with executives from companies including BlackRock Inc, GlobalFoundries Inc, 3M Co, United Parcel Service, Procter & Gamble and Temasek Holdings Pte, Singapore’s state-owned investment company.