Economic shockwaves caused

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The government response to the economic shockwaves caused by the COVID-19 pandemic was swift, extensive, and unprecedented in scale. In the U.S., programs like PPP (Paycheck Protection Program) were implementedto support small businesses to keep workers on payroll. The government made temporary regulatory changes to facilitate faster movement of goods and address specific supply chain bottlenecks. Recognizing that not everything can be produced domestically, the U.S. government emphasized working with international partners on collective approaches to supply chain resilience, rather than relying solely on geopolitical competitors for key products. The government has encouraged the adoption of technologies like artificial intelligence, Internet of Things, and blockchain to improve supply chain visibility and management.

Reference no: EM133776553

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