Canada

Supply chain growls: Freeland says Canada sees spillover “very, very carefully”

Deputy Prime Minister Chrystia Freeland said Canada is monitoring the status of Canada’s ports and their business implications. semiconductor.

After meeting with U.S. lawmakers, Freeland was the subject of a pre-parliamentary debate from the Canadian Embassy in Washington, DC, to strengthen supply chain issues and a “U.S. purchase” clause in favor of U.S. manufacturers. He said he touched on a new proposal.

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The conference addresses the shortage of various things as Freeland called the “uneven” resumption of the global economy, which was closed rapidly to varying degrees from March 2020 to limit the spread of COVID-19. It was held amid growing concerns.

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“For Canada, we definitely have supply chain issues in the Canadian economy in mind. We have a very close look at the supply chain and Canada’s ports,” she told journalists Thursday.

“Restoring the economy is heterogeneous, and its natural heterogeneity is exacerbated by the fourth wave of coronavirus. We need to make it realistic and keep that in mind. We need to, but I think we can have a very confident outlook on Canada’s economic recovery and recovery. “


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How Delayed Shipments Affect SMEs


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Earlier this week, the International Monetary Fund warned that supply chain turmoil was likely to mean a “more difficult short-term outlook” for developed countries and adjusted global economic growth forecasts for the rest of the fiscal year. bottom.

Causes of problems include labor shortages, shipping container shortages, online shopping surges, semiconductor chip shortages, and port blockages in many parts of the world.

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US President Joe Biden announced on Wednesday that one of the country’s largest ports in Los Angeles will be open 24 hours a day, 7 days a week to relieve some of the pressure.

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Supply chain growls: Freeland says Canada sees spillover “very, very carefully”

Source link Supply chain growls: Freeland says Canada sees spillover “very, very carefully”

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