Washington, DC - The Open Markets Institute recently submitted the following report in response to a request for comment on addressing supply chain fragility and security risks in critical sectors by the Bureau of Industry and Security to inform the U.S. – EU Trade and Technology Council Secure Supply Chains Working Group.  

Our report makes clear that the Biden Administration must greatly speed up its efforts to map out and rebuild the core industrial capacities on which the American people most depend. 

Open Markets’ research over the past few decades has shined a light on the pitfalls of geographic and corporate concentration on the industrial capacity of critical sectors. “The concentration of capacity in these sectors pose an enormous threat to the economic and national security of the U.S. and the EU, as well as key allies in Asia, such as Japan, South Korea, and Taiwan,” says Open Markets Institute Reporter - Researcher Garphil Julien. “While the U.S. and EU have taken steps in the right direction, like beginning to re-distribute industrial capacity for critical goods, to truly address the supply chain problem we must break up monopolistic control over key production systems at home and abroad.”

Download the report here or read the full report below.