Canadian consumers should be prepared for higher prices and even shortages of some items this holiday season due to catastrophic flooding in British Columbia.
Floods and mudslides have halted rail access and shut down highways in the western province.
Experts say this will have a “brutal” effect on the country’s supply chain. The Port of Vancouver is Canada’s largest port, handling $240-billion in goods annually.
Retail analyst Bruce Winder says the effects will start to show up on store shelves mid-December. Companies without a large and sophisticated supply chain won’t be able to access goods made in Asia.
Grocery stores will also be affected, especially in the West. A lot of Canada’s fresh produce is imported through B.C.
Experts say supply chain disruptions will contribute to food inflation.
—The Canadian Press