Defense Production Act Companies

Defense Production Act Kicks In: Corporate Giants Pledge Help

Earlier this week, President Trump enacted the Defense Production Act, and major corporations have already responded positively.

While this act has been invoked, no  companies have been ordered to deliver medical supplies or otherwise help, though many have offered to do their part, just the same

General Motors and Ford are now both working to “help find solutions,” to use GM’s spokesperson’s own words. GM CEO Mary Barra conferenced with White House economic adviser Larry Kudlow about how GM can re-tool their production lines to manufacture much-needed ventilators.

Just Friday, GM announced a partnership with Ventec Life Systems “to enable Ventec to increase production of its respiratory care products.”

Defense Production Act Companies

Defense Production Act Companies

Ford Motor Company is likewise using its massive production capacity to do what’s needed; a spokesperson stated that Ford “…”stands ready to help the administration in any way we can, including the possibility of producing ventilators and other equipment.”

Not to be outdone, Elon Musk, Tesla’s CEO tweeted that Tesla will also do their part to combat medical equipment shortages in the U.S. “We will make ventilators if there is a shortage,” were Musk’s words.

Tesla will also be providing 250,000 medical masks to hospitals in the state of California, according to Governor Gavin Newsome (D).

Tesla will be partnering with Medtronic, a medical device manufacturer, partnering to rapidly put out “state-of-the-art ventilators,” according to Musk’s tweet on Saturday.

Airon Corporation, a Gainesville, Florida small business that usually fabricates ventilators with a limited capacity for production, has ramped up its production to keep up with demand.

Hanes, the ubiquitous clothing company best know for its undershirt and other undergarment lines, will be “retrofitting its manufacturing capabilities in large sections of the plants to produce masks and they’re in the process right now” according to President Trump’s White House briefing just yesterday.

Anheuser-Busch will also pitch in, utilizing its well-established supply and logistics networks, usually used to provide beer and other alcoholic beverages to the fifty states and beyond, to distribute hand sanitizer produced in-house.

Flexport, a dedicated freight logistics shipper, has “successfully sourced and is buying around $1.4 million worth of face-masks and other medical protective equipment….”

Undoubtedly, in the coming days and weeks, other major corporations will jump on board and contribute their workforce, production capacity, and distribution networks to the national effort to help with the effort to stem the Covid-19 crisis.

One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

*

code