Regulations can drive or derail progress in supply chains. In this Supply Chain Byte, Lisa Anderson discusses newly signed Executive Orders from President Trump, the impact of regulatory changes on industries, and why common-sense regulations are essential for customer success and business growth.
During Trump’s first term, he asked that for every new regulation, two were deleted. He has thought about ramping that up to a 1:10 ratio during this term. Lisa discusses whether this is good or bad. Here is your sneak peak. The answer is that “it depends”. Of course we want to promote health, safety, and sustainability. And, yes of course, we want to provide customer value and business success. For example, two key refineries have left California while citing regulatory and permit issues, putting the state’s needs at risk. TSMC also cited regulatory and permit concerns with the delay in construction and startup of the chips plant. They said that the U.S. takes twice as long as Taiwan. Thus, we need to find smart commonsense solutions.