International Journal of Supply Chain Management
Vol 13, No 6 (2024): International Journal of Supply Chain Management (IJSCM)

US Presidential Elections 2024: Impact on Supply Chain

Thakur, Virender Kumar (Unknown)



Article Info

Publish Date
28 Dec 2024

Abstract

This paper examines the contrasting supply chain policies of the Trump and Biden-Harris administrations, emphasizing the implications of their strategies amid the complexities of global economic dynamics. Trump’s "America First" approach prioritized domestic manufacturing through tariffs and trade barriers, attempting to reduce dependence on foreign suppliers, particularly from China. However, these measures led to increased consumer costs, strained international relations, and highlighted vulnerabilities in critical supply chains during the COVID-19 pandemic. In contrast, the Biden-Harris administration advocates for a resilient, sustainable, and cooperative supply chain framework, focusing on global alliances, significant infrastructure investments, and technological advancements. This administration's emphasis on sustainability aligns with growing consumer demand for environmentally friendly practices, whereas innovation plays a crucial role in adapting to ongoing global challenges.The study explores the lessons learned from the contrasting approaches regarding resilience, sustainability, and geopolitical considerations, emphasizing the need for the U.S. to adapt its supply chain strategies to navigate future uncertainties more effectively. Ultimately, the essay underscores the importance of innovation, collaboration, and sustainability in shaping robust supply chains that not only respond to immediate challenges but also secure long-term economic prosperity and national security in an increasingly interconnected world.

Copyrights © 2024






Journal Info

Abbrev

IJSCM

Publisher

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...