Are you "panic buying" in anticipation of supply chain disruptions?
While many Canadian companies rely on rail for shipping, consider alternative solutions, NFP Canada's Katherine Dawal said.
“Within the next 12 months and even further, what we’re going to likely see globally is shrinking the supply chain so that it’s not so far away. It might be a little bit of a short-term pain, but it’ll definitely be long-term more beneficial," she said.
“If we can reduce that supply chain — so not requiring so many things from overseas, [and you can get it in] your backyard and Canada — it might cost a little bit more to get that that piece of equipment, but overall, it’s not going to take hopefully, as long to [procure] things.”
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