The Executive Order 14017, titled America's Supply Chains, aims to strengthen and secure the United States' supply chains to protect economic prosperity and national security. It sets a policy for resilience and diversity, encouraging domestic production, and collaboration with allies. The order outlines a comprehensive review and assessment of risks within critical supply chains, like semiconductors and pharmaceuticals, and seeks recommendations to address these vulnerabilities. It also calls for cooperation among federal agencies and various stakeholders to ensure broad and effective implementation of these strategies.
Simple Explanation
Imagine the President made a big plan to make sure that when America needs important things like computer parts and medicine, they can always get them easily and safely, even if something goes wrong. This plan also talks about working with friends in other countries and making sure smaller businesses get a fair chance.