In addition, on August 9, 2022, President Joseph R. Biden signed into law the $280 Billion CHIPS and Science Act that subsidizes the U.S. semiconductor industry and boost efforts to make the United States more competitive with China in areas of nanotechnology, clean energy, quantum computing, and artificial intelligence. The bill (now law) provides $52 billion in subsidies for chip manufacturing and research. Moreover, it will strengthen American manufacturing, supply chains, and national security!

The logistics industry facilitates the trade entrepreneurial activities between two or more parties by means of transporting, storing, and delivering goods through either B2B, B2C, or C2C supply chain networks. At the present time, logistics companies implement cargo transportation services by land, air, and water while adapting to the changing nature of the economic patterns and digitization.