I’m penning this posting from Vancouver, a beautiful city on Canada’s west coast. I’ve been participating in an APICS working sub-committee conference since Thursday. I’ve had some technical difficulties in establishing a technical uplink to my blog ISP carrier, and hopefully we have resolved the issue.
Recent news coming from all global geographic areas indicate that our global economy is sinking. My conversations with supply chain professionals here in Canada have reinforced that notion. While some industries such as pharmaceutical and food products may either be stable or still growing, the majority of others are not. In this particular region, there are many base materials supply chains such as minerals, ore, steel and metal products. The consensus I heard was that cutbacks are occurring at significant rates. Walking down to the harbor, my eye sensed far less shipping activity than when I visited two years ago.
I was also very interested to hear the Canadian media reaction to the latest U.S. stimulus package that is working its way through Congress. The current proposed amendments that state that the steel and infrastructure products that will make-up the spending could only be sourced in the U.S.. As you would expect, this spurned many negative reactions from Canada’s business community. So much for North America free trade.
I’ll be commenting in future posts on the various supply chain implications of these various governmental responses to the sinking global economy.