Sabrina Bandali talks with the Financial Post on how trade tensions with the United States could push Canadian businesses to find new markets, but not without cost.
The Post reports that:
“Global supply chain disruptions caused by the COVID-19 pandemic in 2020 forced many companies to re-evaluate where they buy and sell supplies and how much redundancy to build into their systems. Those that did so may be less vulnerable to the trade war, said Sabrina Bandali, a partner in the international trade and investment group at Bennett Jones LLP.
“Those companies will have evaluated their options and can execute on those contingency plans now,” she said.
It will be an uphill battle, however, for those that are looking at this for the first time.
“How readily companies can access these opportunities will differ,” she said. “There will be existing supply and customer relationships in those markets that new Canadian entrants will be disrupting, which is difficult to do well under strained circumstances.””
The full story is available here.