In late January, the United States government brought the Defense Production Act to the table as a means of tackling the pandemic and accelerating supply chains for vaccines, medical equipment, and more. This means that manufacturers, distributors, suppliers, and businesses across all industries will be taking on government contracts to keep up with this new initiative. But how can these businesses keep up with demands if cash flow is already tight?
What is the Defense Production Act?
The Defense Production Act (DPA) was first deployed in the 1950s to shore up goods and materials to aid the United States military in overseas conflicts. Now, the DPA is being invoked to ensure we can fight COVID-19 and get the country back on track. This act opens up a number of opportunities for businesses who want to dedicate operations to assist in this purpose. Businesses that enter produc