A surge in the supply of goods from overseas over the next few months could see retailers offering discounts if they suddenly need to balance inventory with demand.
North American ports have faced major disruptions over the past few years, with BC's main port in Vancouver ranked among the most inefficient in the world in 2021. The only ports that fared worse in the Container Port Performance Index were on the US West Coast.
The uncertainty caused by the pandemic and volatile trade conditions has made it more difficult to manage the arrival of goods from overseas. The situation is improving but it will take time for supply chain networks to return to previous efficiencies. This might be good news for consumers and help reduce inflationary pressure but will mean many businesses need to remain nimble and adjust their overseas purchases.
It's also a reminder of the importance of supporting local producers who are less affected by shipping disruptions. As well, the proposal to improve the deep sea port facility at Port Alberni represents a tremendous opportunity for the Island and the entire province.