Reuters
Analysis-Made in Canada: Factories see silver lining in supply chain woes
Global shipping and supply chain bottlenecks are encouraging Canadian firms to bring production back home, but some companies would have to absorb higher costs and build expertise in certain sectors for local manufacturing to pick up pace. While carefully knitted global supply chains helped sectors from fashion https://www.reuters.com/article/benetton-reshoring-idCNL8N2QQ3N0 to autos cut costs and boost margins in recent decades, COVID-19 has eroded those advantages and exposed weaknesses like shortages of semiconductor chips. In Canada, supply chain woes, recent rail and weather disruptions, along with pressure to source ethically and locally to lower emissions, are leading companies to buy closer to home or produce in-house, executives say.
