Securing supply chains: manufacturers rely on budget


Published on 01/04/2022 at 13:54

Supply chains have come under conflict due to the sudden re-opening of the global economy, which has led to a move, in Canada and the United States, to increase manufacturing capacity on the continent itself. (Photo: The Canadian Press)

OTTAWA – Federal Liberals are urged to make room in Thursday’s budget to help Canada boost productivity and invest in attracting new business, as part of a drive to streamline supply chains, which have been strained by the pandemic.

For years, Canadian companies have not invested enough in technology and other measures that could help workers achieve the same performance more easily than they do today.

However, after emerging from the COVID-19 pandemic, the Manufacturers and Exporters Association fears that without a good start now, Canada will lag further behind its other competitors.

Supply chains have come under conflict due to the sudden re-opening of the global economy, which has led to a move, in Canada and the United States, to increase manufacturing capacity on the continent itself.

It is this inter-planetary alignment that calls for investment and incentives today, to spur change after the pandemic and address current tensions, says Denis Darby, President of Canadian Manufacturers and Exporters.

Mr. Darby believes Canada needs to attract the necessary capital now and get companies to invest in the country, before they start looking for opportunities elsewhere, including the United States.

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