The COVID-19 Pandemic has shone a light on the fragility of the inter-connectedness of the global supply chain. Over-reliance and concentration on certain countries has driven executives to reevaluate manufacturing suppliers and assess their short-term profitability with longer term stability. Coming out of this we expect companies will seek alternative suppliers and increase diversification with their existing base.
As we wait to see which markets will best weather the storm, Elevate Export Finance will continue to provide the support and guidance to Canadian companies in the weeks and months ahead. Supported by Export Development Canada (EDC), the team will work closely with customers and all interested Canadian companies.