The Department of Commerce is accepting comments through June 21 to inform its work on assessing and analyzing risk in global supply chains.
In 2023 the DOC launched a supply chain center to serve as an analytic engine to help drive decision-making and policy action on efforts to strengthen supply chain resilience. Central to the work of this center are efforts to build a cross-sectoral risk assessment framework, which already incorporates more than 40 indicators of risk that relate to a sector’s criticality to the U.S. government, vulnerability to disruption, and resilience in the face of disruption. The DOC expects this tool to help the U.S. government more comprehensively and systematically identify supply chain vulnerabilities, at the sectoral and eventually product level, and pursue in-depth analysis for actionable and evidence-based policy recommendations.
The DOC’s supply chain resilience efforts are also being advanced through the Indo-Pacific Economic Framework’s Agreement Relating to Supply Chain Resilience, which entered into force in February 2024. That agreement requires the development of initial lists of critical sectors and key goods that will help inform discussions among members of the IPEF Supply Chain Council on opportunities for collaboration, including actions to promote business matchmaking, encourage investment, or improve policy coordination in areas impacting supply chains.
As part of both these efforts the DOC is soliciting input that will help it determine how it should assess risk in global supply chains, including (1) what indicators and data sets it should include in the development of an economy-wide risk assessment tool and (2) how to apply the factors outlined in the IPEF Supply Chain Agreement in a determination of the U.S.’ initial list of critical sectors and key goods under that agreement. A DOC notice sets forth a number of specific questions related to these topics.
For more information on IPEF, please contact Nicole Bivens Collinson at (202) 730-4956 or via email.
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