Canada | Supply chain issues are hurting manufacturers

(Ottawa) Canadian manufacturers say supply chain disruptions are reducing production and increasing costs, jeopardizing the recovery of the sector and the economy as a whole.

Posted at 11:13 a.m.

A new survey from Canadian Manufacturers & Exporters found that nine out of ten companies in the sector were struggling with supply chain issues.

More than half say the disruptions have a major or severe impact on their business.

The report says Canadian manufacturers have lost more than $10 billion in sales due to supply chain disruptions and face increased costs of nearly $1 billion.

Eight in ten manufacturers say they have been forced to raise prices and delay fulfillment of customer orders.

Manufacturing industry group president and chief executive Dennis Darby says demand for goods is strong but manufacturers are increasingly unable to meet orders.

“Labour shortages, supply chain challenges and rising input costs are big issues,” he said in a statement. “If we don’t address these issues, Canada’s economy will suffer. »


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