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In the face of the pandemic, Canada’s manufacturers remain resilient

Listen now: How shifts in the manufacturing segments lead to new lessons learned

When asked what the manufacturing industry’s main takeaways from the COVID-19 pandemic were, Martin underlined how the global health crisis managed to metaphorically catch the industry with its pants down.

“I think there’s a number of takeaways from the pandemic,” the consultant said. “First and foremost, COVID-19 really did expose just how globally-integrated – and in turn, fragile – supply chains for most manufacturers really are.”

The supply chains of manufacturers were also severely impacted by the worldwide pandemic, Martin explained.

“Shortages in raw materials and component parts for Canadian manufacturers to scramble in finding new sources of supply. There’s government shutdowns in various jurisdictions [that] took…

Read more at www.insurancebusinessmag.com

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