As supply chain disruptions persisted throughout 2022, the Biden administration has made active efforts to step up its support this past year.
Consistent port congestion and rising ocean shipping costs led to lower stock levels and delayed inventory, forcing companies to alter their strategies. In response, the government provided funding and legislation to help keep goods flowing.
In the last 12 months, President Joe Biden signed multiple bills to regulate ocean carriers, prevent a rail strike and provide funding for the electric vehicle domestic battery supply.
Here’s an overview of how the government supported supply chains in 2022.