Bill Overview
Title: Supply Chain Resiliency Act
Description: This bill establishes the Office of Supply Chain Resiliency within the Department of Commerce. The office must identify vulnerabilities in the supply chains for critical products and emerging technologies. It also must provide financial support to manufacturers to expand production of products that are part of supply chains experiencing shortages.
Sponsors: Rep. Axne, Cynthia [D-IA-3]
Target Audience
Population: Individuals worldwide reliant on consistent supply chains for critical goods
Estimated Size: 250000000
- The bill affects manufacturers, especially those producing critical products and emerging technologies.
- Manufacturers in sectors with supply chain shortages will be directly impacted through financial support opportunities.
- The office will identify vulnerabilities affecting various products. Hence, any citizen reliant on these products could be indirectly impacted.
Reasoning
- The policy will mainly impact manufacturers producing critical and emerging technologies, thus enhancing their wellbeing through financial support.
- U.S. consumers can experience improved product availability, contributing to enhanced wellbeing, albeit indirectly.
- Interview responses will vary based on individuals' reliance on products impacted by supply chain issues.
Simulated Interviews
Manufacturing Manager (Ohio)
Age: 45 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 20.0 years
Commonness: 5/20
Statement of Opinion:
- Our company has faced numerous supply chain disruptions in the past year.
- If this policy truly helps streamline our supply chain, it’ll be a lifesaver.
- I'm cautiously optimistic, but financial support will definitely strengthen our operations.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 8 | 5 |
| Year 3 | 8 | 5 |
| Year 5 | 9 | 5 |
| Year 10 | 9 | 4 |
| Year 20 | 8 | 4 |
Tech Entrepreneur (California)
Age: 35 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 4/20
Statement of Opinion:
- Increasing supply chain resiliency is crucial for our growth.
- I hope this policy brings quicker solutions to sourcing issues.
- Direct financial support would allow us to expand faster.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 9 | 7 |
| Year 3 | 9 | 6 |
| Year 5 | 10 | 5 |
| Year 10 | 9 | 4 |
| Year 20 | 8 | 3 |
Supply Chain Consultant (Texas)
Age: 50 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 15.0 years
Commonness: 3/20
Statement of Opinion:
- This direction is long overdue. Supply chain issues have been rampant in various industries.
- Consulting demand may increase as companies look to adapt to new support programs.
- There could be opportunities for consultancy to advise on meeting policy compliance.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 7 | 5 |
| Year 3 | 7 | 4 |
| Year 5 | 8 | 4 |
| Year 10 | 8 | 3 |
| Year 20 | 7 | 3 |
Consumer (New York)
Age: 29 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 12/20
Statement of Opinion:
- I've noticed more product shortages lately, especially electronic goods.
- Policies that stabilize supply chains sound beneficial, but it seems indirect in my life.
- It may lead to more reliable product availability which is positive.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 7 | 4 |
| Year 20 | 6 | 4 |
Retired Factory Worker (Michigan)
Age: 60 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 0.0 years
Commonness: 6/20
Statement of Opinion:
- Anything that supports local manufacturing is great.
- I hope jobs and the local economy benefit from this policy.
- My wellbeing might not change much from this, but community wellbeing might.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 5 | 5 |
| Year 5 | 5 | 4 |
| Year 10 | 5 | 4 |
| Year 20 | 5 | 3 |
Logistics Coordinator (Florida)
Age: 41 | Gender: other
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 3/20
Statement of Opinion:
- Cutting supply chain vulnerabilities is crucial to maintaining business.
- This policy might improve coordination with manufacturers and minimize delays.
- I'm hopeful about the financial support making supply chains more predictable.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 9 | 5 |
| Year 10 | 9 | 4 |
| Year 20 | 8 | 4 |
Automobile Manufacturer Manager (Illinois)
Age: 55 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 15.0 years
Commonness: 8/20
Statement of Opinion:
- Certain car parts are always delayed, affecting production schedules.
- Direct funding to solve such issues could lead to expansion and stability.
- The auto industry would highly benefit from stabilized supplies.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 8 | 5 |
| Year 3 | 9 | 4 |
| Year 5 | 9 | 4 |
| Year 10 | 8 | 3 |
| Year 20 | 7 | 3 |
Energy Sector Analyst (Washington)
Age: 39 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 20.0 years
Commonness: 5/20
Statement of Opinion:
- Energy technology relies heavily on stable component supply chains.
- Funding and attention to critical tech sectors should boost innovation.
- I expect to see more sector stability, which could lower risks.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 8 | 6 |
| Year 3 | 9 | 5 |
| Year 5 | 9 | 5 |
| Year 10 | 8 | 4 |
| Year 20 | 8 | 3 |
Electronics Retailer Owner (Colorado)
Age: 31 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 4/20
Statement of Opinion:
- Delayed shipments have increased customer dissatisfaction recently.
- This policy might make a real difference in the retail electronics supply.
- Financial support to manufacturers could stabilize product shipments.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 7 | 5 |
| Year 3 | 7 | 4 |
| Year 5 | 8 | 4 |
| Year 10 | 8 | 4 |
| Year 20 | 7 | 3 |
Food Industry Specialist (New Jersey)
Age: 47 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 9/20
Statement of Opinion:
- While this policy might not directly affect food supply chains immediately, it’s a signal of progress.
- The focus on resiliency could eventually extend to food too, which would be beneficial.
- Indirect impacts on ancillary supply chain elements might stabilize the market.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 7 | 4 |
| Year 20 | 6 | 4 |
Cost Estimates
Year 1: $800000000 (Low: $700000000, High: $900000000)
Year 2: $900000000 (Low: $800000000, High: $1000000000)
Year 3: $950000000 (Low: $850000000, High: $1050000000)
Year 5: $1000000000 (Low: $900000000, High: $1100000000)
Year 10: $1200000000 (Low: $1100000000, High: $1300000000)
Year 100: $2000000000 (Low: $1900000000, High: $2100000000)
Key Considerations
- Speed and efficiency of establishing the new Office of Supply Chain Resiliency will affect the timing of costs and benefits.
- The scope and scale of financial support to manufacturers will significantly influence the overall cost.
- Coordination with existing supply chain initiatives may reduce redundancy but will require effective inter-agency collaboration.