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US Officials Work to Close Supply Chain Gaps as Foreign Investment Grows
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MarineLink News
U.S. officials on Monday said they are working closely with foreign investors to identify gaps in the U.S. manufacturing supply chain and to help small- and medium-sized businesses scale up to meet rising demand as foreign investments surge.
It has already invested more than $200 million to upgrade the shipyard's workforce, capabilities and capacity.
The program is still in a pilot phase, with no detailed guidance issued on how vendors will be identified.
The Trump administration was also trying to make reviews of foreign investments by the CFIUS more transparent and quicker, Pilkerton said.
Treasury in July launched a new website to help companies, investors and their attorneys better understand how the panel evaluates potential foreign acquisitions and investments.