The Senate Commerce Committee hosted a hearing on “Implementing Supply Chain Resiliency” and a Mississippi CEO testified before the committee this morning.
As the ranking member of the committee, U.S. Senator Roger Wicker, R-Miss., invited William “Lex” Taylor III of Louisville, Miss., to testify.
Taylor is the Chairman of the Board and Chief Executive Officer of the Taylor Group of Companies, Inc., based in Louisville, Miss. He has also served in multiple economic development roles in Mississippi, including as Chair of the Mississippi Economic Council for 2019-2020. He currently serves on the Board of Directors for the Mississippi Economic Council, Business & Industry Political Education Committee, and the Mississippi Manufacturers Association.
Taylor is expected to discuss the challenges facing manufacturers as a result of supply chain interruptions during the COVID-19 pandemic. These problems have persisted despite the return of demand for products and services. His companies, which manufacture a variety of heavy industrial equipment for the private sector and the U.S. military, have seen costs skyrocket for transportation and sourcing of key components, if they are available at all. The extra costs and extended delays have spread throughout much of the U.S. manufacturing base.
Witnesses include:
- Dr. Gary Gereffi, Founding Director of the Duke Global Value Chains Center
- Dr. James Lewis, Senior Vice President and Director, Strategic Technologies Program, Center for Strategic and International Studies
- Dr. Dario Gil, Senior Vice President and Director, IBM Research
- Mr. William “Lex” Taylor III, Chairman of the Board and Chief Executive Officer, Taylor Group
- Mr. Richard Aboulafia, Vice President of Analysis, Teal Group
- Mr. John Miller, Senior Vice President of Policy and General Counsel, Information Technology Industry Council
Click here to watch the hearing.
