3M and Honeywell are responding to HHS and DoD contracts by double or tripling their monthly output (admittedly, most of their factories are outside the U.S., in China and other places).
According to Statistica, monthly production of these masks will rise from 45 million units in January 2020 to 180 million units by end of year. Maybe this is insufficient but it's certainly better than nothing.
One issue is the difficulty and expense of producing meltblown textile, the material that traps microscopic particles so effectively. Currently this material is in shortage, and manufacturers are reluctant to build expensive machinery to make it when the demand may not exist a year from now.
One could make a case that the government should guarantee such companies from loss, to encourage short term investment.
1. https://www.statista.com/statistics/1135072/us-n95-mask-prod...
2. https://www.usnews.com/news/politics/articles/2020-09-10/sca...
3. https://news.yahoo.com/dr-ger-increases-n95-respiratory-1555...