As every region of the world looks to rebound and rebuild supply chain resiliency after the past few years, the United States is partnering with Canada and Mexico on five initiatives in this arena, in addition to focusing on talent development. The varied and targeted projects include the following:
- Targeting semiconductors—together, the three countries will hold a semiconductor forum including senior industry representatives and cabinet officials. All involved will coordinate in drafting policies that will grow investment in the sector.
- Focus on the semiconductor supply chain—In addition to focusing on semiconductor development, the three countries will coordinate on mapping a semiconductor supply chain.
- Create the “North America Student Mobility Project”—This initiative will serve as an expansion to the 10-year-old “100,000 Strong in the Americas Innovation Fund.”
- Bring together industry and academia to address labor shortages—Meeting for design sessions, representatives from all three countries will look to identify skills needed to develop North America’s workforce in manufacturing and logistics, among other fields.
- Focus on critical mineral resources and reserves—The three countries will organize a workshop to share data and advance cooperation.