How SME’s Can Help Build Supply Chain Resilience

How SME’s Can Help Build Supply Chain Resilience

Small and midsize companies are important to supply chains, government and industry should help them upgrade their technology to make supply chains more efficient and resilient.

Key takeaways:

1. Small and midsize companies are essential to American supply chains, but they lag in productivity and technology adoption.
2. Global disruptions have caused havoc on global supply chains, and it takes a long time for them to get back on track.
3. To improve supply chain resilience, there needs to be more investment in new technology, workforce training, and access to capital.

The obstacles that could make this difficult:

1. Small and midsize companies may not have the resources to invest in new technology and training.
2. Customers may not be willing to provide demand guarantees to smaller suppliers.

Canada’s Ambition to Be a Part of EV Supply Chain

1. Canada holds a small percentage of the world’s proven reserves of critical minerals needed for the global energy transition.
2. South America, Africa, and China are likely to take centre stage in the global energy transition.
3. Canada could still carve a role as a small provider of cobalt, copper, nickel, and zinc.