The coronavirus outbreak is having a serious ripple effect throughout global supply chains. Factories have shut down, product flow in many cases has come to a halt, and consumer purchases of all but the most essential items are plummeting.

The coronavirus pandemic could result in some permanent changes to the way in which global supply chains operate.

Logistics efficiency, tax savings and enhanced cash flow lead the list of benefits available through foreign-trade zones. 

On-time deliveries, cost management and meeting customer expectations are just a few concerns that prevent small businesses from expanding to the Canadian market.

One of the best ways for a manufacturer to assess and reduce risk in its supply chain is to have in place strong legal terms with its suppliers.