Supply chain bottlenecks continue to impact state businesses
Innovation leads to growth, and in New Hampshire, I’ve seen firsthand how businesses, from startups to generations-old companies, are reimagining the future. As CEO of Minim, Inc., a Manchester-based network technology company, I have seen how innovation can help create well-paying jobs and revitalize an economy.
Over the past two years, if not two weeks, we’ve seen how important it is to have leaders who pay close attention to the issues facing businesses. So I think it’s important to highlight Senator Hassan’s efforts on issues from infrastructure to cybersecurity.
Supply chain disruptions impact businesses of all shapes and sizes – whether it’s a global pandemic, political instability or climate change – and these disruptions can create challenges without precedent and hamper our ability to innovate.
During the pandemic, Minim has been impacted by new and longstanding supply chain issues and other manufacturing challenges. Russia’s war on Ukraine only adds to the complexity of global supply chains. Our country must quickly re-evaluate its industrial policies and move quickly to those that work better for American workers and better for American businesses.
Over the past year, the phrase “getting better all the time” has come to mind as companies continue to adapt their strategies to deal with the changing world. The federal government must follow suit — as the world changes around us, our policies must keep pace with business.
Last week, I had the honor of being Senator Hassan’s virtual guest for President Biden’s State of the Union address, and I am grateful to her for her attention to the challenges faced by companies like Minim amid these supply chain disruptions.
I recently discussed Minim’s story with Senator Hassan at a roundtable in February. Although our employee base is centered in the United States, we are dependent on manufacturing partners based outside of the country, which exposes our supply chains and our business to a myriad of challenges.
These supply chain bottlenecks have impacted our expenses, operations and growth opportunities. The United States can and should do more to implement policies that can support a more resilient economy and give businesses a platform to compete effectively.
Right now, Senator Hassan is working with Republicans and Democrats to get legislation through Congress that will help ensure we invest in American manufacturing and supplant China. This bipartisan legislation would provide significant funding for research, development and manufacturing in the United States, and Senator Hassan is pushing for the legislation to specifically help American companies produce essential goods. All of this will help create good jobs here at home.
This bipartisan package would be a game-changer for American manufacturing, and I hope Congress will come to an agreement on this soon.
Senator Hassan’s emphasis on supporting our supply chains in other ways is also encouraging. For example, as part of the bipartisan infrastructure law, Senator Hassan has worked to secure investment in our country’s highways and ports, which will help alleviate some of the bottlenecks in the supply chain. sourcing that companies have experienced.
I appreciate Senator Hassan’s bipartisan efforts to support innovative businesses in New Hampshire and across the country, and I was honored to join her as a virtual guest at the State of the Union to highlight the importance of strengthening America’s competitiveness so that companies like Minim continue to grow and prosper.
Gray Chynoweth is CEO of Minim in Manchester