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Canada's Supply Chain Could be Subject to COVID-19 Impact
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2020-03-13
Northern American manufacturers and retailers have yet to face the massive destruction from the coronavirus outbreak, but industries which use products made from China have sensed risks and started emergency plans. China was the second largest source of import for Canada in 2019. Canada's import from China is far less than the import from the U.S., but over twice as much as the import from Mexico. The major commodities imported from China to Canada are electronics, machines, furniture, toys, sports utilities and plastics.
Canada's Minister of Finance spoke in a meeting in Toronto: "It's a unique challenge, in the sense that businesses are facing both supply and demand issues at the same time." The Canadian business sector hasn't seen serious problems because it will take several weeks for the containers from China to arrive in Canada. Additionally, many Canadian companies relying on Chinese products already knew to import more before the Chinese lunar new year. Therefore, severe shortage of supply could emerge in March or April in Canada.
Members of organizations such as Canadian Manufacturers & Exporters (CME) have already met with a disrupted supply chain. The President of Canadian Vehicle Manufacturers Association explains that automotive assembly must be done in sequence and every component must be in place. A component short could result in stopping the production line. He says there are more requirements for logistics management and that more complicated automotive components are manufactured at places near the final assembly plant. The components from China are mostly electronics or smaller components like fasteners and seals. "We've now tipped into our contingency planning — where can you re-source?"
Canada's Minister of Finance spoke in a meeting in Toronto: "It's a unique challenge, in the sense that businesses are facing both supply and demand issues at the same time." The Canadian business sector hasn't seen serious problems because it will take several weeks for the containers from China to arrive in Canada. Additionally, many Canadian companies relying on Chinese products already knew to import more before the Chinese lunar new year. Therefore, severe shortage of supply could emerge in March or April in Canada.
Members of organizations such as Canadian Manufacturers & Exporters (CME) have already met with a disrupted supply chain. The President of Canadian Vehicle Manufacturers Association explains that automotive assembly must be done in sequence and every component must be in place. A component short could result in stopping the production line. He says there are more requirements for logistics management and that more complicated automotive components are manufactured at places near the final assembly plant. The components from China are mostly electronics or smaller components like fasteners and seals. "We've now tipped into our contingency planning — where can you re-source?"
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