Consumer Brands Requests Commerce Department Take Leadership Role in Creating Supply Chain Index
Index Could Serve as Early Warning System for Critical Supply Chain Disruptions
FOR IMMEDIATE RELEASE
May 14, 2020
Contact: Leslie Lake, 571-378-6757, [email protected]
ARLINGTON, Va. — As states prepare to reopen across the country, the Consumer Brands Association today called on Commerce Secretary Wilbur Ross to prioritize supply chain performance and resiliency by developing a National Supply Chain Index and Performance Dashboard.
“Perhaps no time in history has highlighted the degree to which supply chains shape the health and well-being of our nation,” wrote Tom Madrecki, vice president, supply chain and logistics, Consumer Brands, in a letter to Secretary Ross. “The acute evaluation and benchmarking of supply chains would mark an important step toward friction point visibility and pinpointing, prioritizing and addressing supply chain challenges.”
The National Supply Chain Index and Performance Dashboard would house the necessary data to provide an early warning system about potential supply chain issues and disruptions using both public and private sector data sources. The increased transparency and visibility of a supply chain index could also help drive strategic policymaking, inform private sector investment, forecast inflation and aid in emergency response efforts.
“The coronavirus crisis has demonstrated the strength and resiliency of our supply chains, but we must learn from this experience and put practical resources in place so that policymakers and consumers can be assured that the flow of essential products will continue no matter what crisis comes next,” said Madrecki.
During the COVID-19 crisis, the Consumer Brands Association has worked closely with federal and state governments to protect supply chains and ensure consumers’ access to essential products. Consumer Brands played an active role in launching the bipartisan Congressional Supply Chain Caucus and the cross-industry Critical Infrastructure Supply Chain Council and continues to lead the call for a White House Office of Supply Chain.
The Consumer Brands Association champions the industry whose products Americans depend on every day, representing more than 1,700 iconic brands. From household and personal care to food and beverage products, the consumer packaged goods industry plays a vital role in powering the U.S. economy, contributing $2 trillion to U.S. GDP and supporting more than 20 million American jobs.
Published on May 14, 2020
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