Here’s the real reason we have a supply chain crisis in North America today — a reason that hardly anyone ever mentions: we don’t make anything here anymore.
I’ve been concerned for many years now that Canada is abandoning its manufacturing heritage, one that saw our country produce great corporations like Massey Ferguson and Bombardier. We’ve drifted away from a real economy, where we manufacture products, to a predominantly financial economy — in other words, an economy where you have more and more people managing and transferring wealth rather than creating it.
Once the manufacturing base begins to erode, there are major ripple effects throughout the supply chain and within our skilled labour force. One of the reasons Magna International Inc. is so successful is that it has one of the largest skilled labour pools of any company in the world: thousands and thousands of tool and die makers, mould makers, millwrights, and robotics engineers.
You got that right Frank. North America Must start making their own Stuff these days. Global Supply chain just makes China and Shipping Org Rich!!
Most of Bombardier’s problems are a result of it outsourcing it’s parts manufacturing outside of Canada.
Question is, could Canadians afford that?
Exactly, try to find anything made in Canada
D’uh.
capitalists are cool people to listen to. seems like he's suggesting a 0% tax rate on capital expenditures? and pretending that offshoring hasn't already happened
Absolutely agree 100% it’s scary how vulnerable Canada has become!
The moment Bay Street and Wall Street became the only metrics companies used to gauge success, 'Made in Canada' lost all value. As CEO bonuses went up, jobs disappeared, and our nation stopped being self-sufficient. It was always a short-sighted strategy.
All levels of Cdn govt ( all levels ) do not support CDN manufacturing. FEDS bought masks from foreign countries complete with instructions in foreign language. Short sighted. Whose economy is the CDN govt shoring up?
Hard to do when Trudeau sold all the jobs to Mexico, Asia, etc.
MR_STiXX And greed plays into that as well