Strengthening Supply Chains: Shifting Production from China to Latin America.
The US Senate seeks to enhance the security of critical goods, such as pharmaceuticals and minerals, by moving production closer to home, specifically to Latin America and the Caribbean. This aims to reduce the risk of shortages and disruptions experienced during the pandemic and decrease reliance on China. The initiative is expected to potentially shorten delivery times and lower freight costs while promoting better labor standards and anti-corruption efforts in the partner region.
Key points
Supply Security: Reduced risk of shortages of critical products (medicines, medical equipment) by diversifying supply chains away from China.
Shorter Routes: Relocating production to Latin America is intended to lower transportation costs and speed up the delivery of goods to the US market.
Promoting Standards: The US will support partner countries in Latin America in combating corruption and improving labor and environmental standards.
Expired
Citizen Poll