The trading environment in the past six months has been characterized by high uncertainty and volatility, as both the introduction of tariffs, countermeasures and government support programs continue to evolve. Our survey and interviews asked Canadian food and beverage manufacturers how they were adjusting to these fast-changing conditions, by assessing impacts on supply chain, operational costs, and investment and hiring plans, among others. Join us on December 18th to hear what they said.
Survey Highlights:
Approximately one half of respondents reported that their business was directly impacted by U.S. and/or
Chinese tariffs (48%), and close to one half reported a direct impact from Canadian retaliatory measures (46%).
13% of respondents were considering relocating production to the U.S. or another country.
Regarding government programs, 43% of survey respondents reported being unsure about their effectiveness to help business manage tariff impacts, and 30% indicated that these programs had not been effective at all.