Purchasing managers across industries in Canada and beyond have been truly challenged by the supply chain disruptions brought about by the 2020 global pandemic. With clogged ports causing delays, hikes in raw materials threatening bottom lines, and break downs in established reliable supply chains, it may feel like things will get worse before they get better.
Supply Chain Issues Facing Our Manufacturing Sectors
Across Canada and the US, our manufacturing sector relies on commodities such as aluminum, copper, steel, nickel, and zinc. As global economies recover, we see that the healthy increases in consumer demand are also causing a natural increase in prices. However, some less well understood weaknesses in commodities industries are highlighting unanticipated fragility in our economic recovery.