WASHINGTON: Having learnt the bitter lessons of disruptions in supply chain during and after the COVID-19 crisis, Joe Biden wants the entire system of producing and delivering a product or service to start and end in the US to reduce “vulnerability”, according to Bharat Ramamurti, the top economic advisor.

Ramamurti said the Biden administration is looking to build up the American manufacturing capacity in key areas like clean energy production, semiconductors and related industries as well as anything related to infrastructure.

“We have tried to make America a good place to invest for those types of companies that have a choice in terms of where to put their money. We are offering not only the best-trained workforce in the world, a highly reliable legal system, but also strong incentives to locate production in the United States,” Ramamurti, Deputy Director of President’s National Economic Council and his Advisor for Strategic Economic Communications, told. Such a policy, he asserted, is not just about jobs.

“The president has made clear that it reduces our vulnerability. The costs go up tremendously because of disruptions abroad, reducing the supply. The president wants our supply chains to start and end here in the United States. And the types of investment we’ve seen over the last several months are moving us closer to that reality,” he said.