3 Effects of the Inflation Reduction Act on Logistics
When the Inflation Reduction Act (IRA) was signed into law by President Biden on August 16, 2022, it was hailed as landmark legislation to combat the country’s deficit and lower inflation, all while promoting growth in domestic manufacturing and clean energy usage. But, despite its name, the legislation came about in response to more than rising inflation. After years of supply chain instability spurred by trade wars and the COVID-19 pandemic, lawmakers were motivated to seek solutions that could improve the resilience of the ... Read More