1. HOW BEST TO RE-SHORE
SUPPLY CHAIN
Paul Young CPA, CGA โ August 3, 2020
2. PAUL YOUNG - BIO
โข CPA, CGA
โข Financial Solutions
โข SME โ Risk Management
โข SME โ Emerging Technology
โข SME โ Business Process Change
โข SME โ Close, Consolidate and
Reporting
โข SME โ Public Policy
โข SME โ Financial Solutions
โข SME โ Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. KEY PRODUCTS
โข Medical Supplies
โข Pharmaceuticals
โข Strategic Metals
โข Oil
โข Natural Gas
โข Food Processing
โข Summary
โข Training/Development
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4. MEDICAL SUPPLIES
Source - https://www.prnewswire.com/in/news-
releases/medical-supplies-market-size-is-
projected-to-reach-usd-160-6-billion-by-2025-
growing-at-a-cagr-of-7-2-valuates-reports-
873469099.html
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Next steps
โข The procurement cycle needs to be coordinated between
provincial and states related medical supplies -
https://thehill.com/opinion/international/490963-a-
defining-moment-in-our-medical-supply-chain-crisis
โข All levels of government need to set up strategic supplies of
key medical equipment. Yearly audits should be done to
ensure the supply meets future demand as well as dealing
with any expiration dates.
โข Hospital funding will need to be adjusted to respect higher
costs related to sourcing medical supplies locally.
5. PHARMACEUTICALS
Source https://www.globenewswire.com/news-
release/2020/01/17/1972092/0/en/Global-
Pharmaceuticals-Industry-Analysis-and-Trends-
2023.html -
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Next steps
โข Private and Public drug plans need to be re-evaluated as part
changes to pharmacare -
https://www.slideshare.net/paulyoungcga/can-canada-be-
successful-at-pharmacare
โข Review of patent protection laws for drugs -
https://www.canada.ca/en/health-
canada/news/2019/08/government-of-canada-announces-
changes-to-lower-drug-prices-and-lay-the-foundation-for-
national-pharmacare.html
โข Review of regulations, tax policies, etc. related to R&D as part
of supporting the pharmaceutical sector
6. STRATEGIC
METALS โ RARE
METALS
Rare Metals - https://investingnews.com/daily/resource-
investing/critical-metals-investing/rare-earth-
investing/rare-earth-reserves-country/
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โข Re-thinking the supply chain for clean technology including
alternative products that are less dependent on rare earths
โข Encouraging manufacturers of cell phones and other products
to move to other jurisdictions
โข India / Apple -
https://appleinsider.com/articles/20/05/18/apple-
moves-to-de-risk-china-production-keep-iphone-se-
price-low
โข Re-visiting power generation with more focus on other
sources like molten salt, hydro, nuclear, natural gas -
https://www.slideshare.net/paulyoungcga/electricity-
generation-co2-and-environmental-impact-whats-next
โข China dominates the world in terms of rare metals
โข The world needs to look at other sources for rare metals
including development new sources -
https://business.financialpost.com/commodities/mining/
you-dont-control-your-destiny-why-canadas-rare-earth-
deposits-are-staying-in-the-ground
โข Key is development of these remote mines in
economic and sustainable manner
7. STRATEGIC
METALS - LITHIUM
Source -
https://www.statista.com/statistics/2
68790/countries-with-the-largest-
lithium-reserves-worldwide/Add a Footer 7
โข Supporting development and manufacturing of lithium
batteries locally - https://smallcaps.com.au/novonix-
discovers-breakthrough-method-low-cost-synthesis-
lithium-ion-battery-materials/
โข More balance when it comes to electrical cars vs gas
power - https://www.slideshare.net/paulyoungcga/ev-
electrical-vehicles-all-you-need-to-know
โข How best to support the building of 5G networks
โข https://www.northernminer.com/subscribe-
login/?id=1003812039
โข Support local mining and smelting operations -
https://electricautonomy.ca/2020/05/05/ontario-cobalt-
refiner-eyes-breakthrough-ev-supply-chain-role/
โข Key reserves for lithium are in Latin America
โข Stronger trade and investment ties to Central
America
8. STRATEGIC
METALS -
VANADIUM
Source -
https://investingnews.com/daily/resource-
investing/battery-metals-investing/vanadium-
investing/vanadium-reserves/
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โข Bulk of vanadium is controlled by Russia and China
โข Strategic purchases of assets/mines
https://www.northernminer.com/fast-news/u-s-
vanadium-acquires-russian-owned-vanadium-facility-
in-arkansas/1003810596/
โข Streamlining the regulator process for mines -
https://investingnews.com/company-
profiles/vanadium-one-iron-tsxv-vone-ore-vanadium-
mineral-exploration-canada/
โข Look at ways to support local battery producers -
https://www.greentechmedia.com/articles/read/flow-
batteries-struggle-in-2019-as-lithium-ion-marches-on
9. OIL SECTOR
โข Oil still plays a vital role as plastics are
required for medical supplies,
vehicles, etc.
โข Oil needs to be treated with respect
โข Oil needs to be identified as a strategic
resources
โข Oil needs to get to international markets
(Canada and USA)
โข Pipeline construction needs to be
prioritized including streamlining the
approval process (analytics/modeling,
committee hearing, etc.)
โข Energy hubs should be established as
part of exporting oil to international
markets
โข Made in country solutions as it relates to
petrochemical production.
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Source - https://www.slideshare.net/paulyoungcga/oil-and-gas-sector-whats-happening-outlook-
2020-and-beyond
11. FOOD PROCESSING
Source - https://www.slideshare.net/paulyoungcga/agriculture-and-
farming-sector-whats-next
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โข Food processing needs to be treated as strategic asset
โข More supports to farmers (tax fairness, labor
reforms, etc.
โข More emphasis on distribution channels (i.e.
ports, rails, etc.)
โข More balance trade between countries
โข WTO needs to reform as part fixing issues with
protectionism -
https://www.slideshare.net/paulyoungcga/2019-
election-global-trade-barriers-and-protection-
wto-canada-september-2019
12. USA AND
SOURCING
Source - https://www.mhlnews.com/global-supply-chain/article/21137578/manufacturers-are-
shifting-supply-chainsAdd a Footer 12
โข Big winner could be Mexico due to USMCA
โข All levels of government in USA and Canada need to work
together on economic development strategy -
https://www.brookings.edu/research/reshoring-advanced-
manufacturing-supply-chains-to-generate-good-jobs/
โข Re-shoring will not completely abandon China -
https://mitsloan.mit.edu/ideas-made-to-matter/reshoring-
restructuring-and-future-supply-chains
14. SUMMARY
โข China is no longer an emerging market -
https://www.slideshare.net/paulyoungcga/sear
ch_my_uploads?type=&new=&q=China
โข Refocusing of governments of on the goods
producing sector -
https://www.slideshare.net/paulyoungcga/how
-do-you-address-and-fix-income-inequality
โข Embracing technology as part of supporting
GDP growth -
https://www.slideshare.net/paulyoungcga/tech
nology-whats-next-for-canada
โข Fair trade deals -
https://www.slideshare.net/paulyoungcga/wha
t-is-next-for-for-global-trade-protectionism
โข Global Economy -
https://www.slideshare.net/paulyoungcga/glob
al-economy-whats-next
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