B.C. manufacturers’ supply chains are more reliable than they were during the COVID-19 pandemic, which created product shortages and sent shipping rates soaring.
For many corporate executives, however, the biggest change related to their supply chains this month is that they need to comply with added government scrutiny. Some executives told BIV that the new reporting requirement is like filing taxes: Something that uses resources and has no benefit for business operations.
Ballard’s company needs to file a report because the outdoor clothing, dry suit and flotation protection-equipment maker generates nearly $100 million in annual revenue—a tally that is increasing by a low double-digit percentage annually, Ballard said. He said the new regulatory requirement comes on top of other government intrusions into business, such as new requirements for front-of-package labelling.
The recent Rogers Sugar strike put a dent in how much sugar was available in Canada, so that forced Purdys to be creative in its sugar buying, Eade said.